he stockholders equity of TVX Company at the beginning of the day on February 5 follows: Common stock$5 par value, 150,000 shares authorized, 71,000 shares issued and outstanding $ 355,000 Paid-in capital in excess of par value, common stock 525,000 Retained earnings 675,000 Total stockholders equity $ 1,555,000 On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $35 per share on February 5 before the stock dividend. The stocks market value is $30 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution.