Required information Exercise 11-10 (Algo) Small stock dividend LO P2 Skip to question [The following information applies to the questions displayed below.] The stockholders equity section of TVX Company on February 4 follows. Common stock$20 par value, 150,000 shares authorized, 62,000 shares issued and outstanding $ 1,240,000 Paid-in capital in excess of par value, common stock 429,000 Retained earnings 553,000 Total stockholders equity $ 2,222,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $31 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. PrevQuestion 7 linked to 8 of 9 Total7 8 of 9Visit question map