of 2 Saved Required information Exercise 11-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$15 par value, 150,000 shares ipped authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 900,000 Total stockholders' equity 421,000 551,000 $1,872,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $31 per share on February 5 before the stock dividend. Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution, View transaction list Journal entry worksheet