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. Exercise 11-10 (Algo) Part 1 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Note: Enter debits before credits. Record the distribution of a 2% stock dividend. Note: Enter debits before credits. 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. Exercise 11-10 (Algo) Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)