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 $36 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Record the declaration of a 2% stock dividend. Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits. On February 5 , the directors dectare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. 2. Prepare the stockhoiders' equity section after the stock dividend is distributed. (Assulne no other changes to equity)