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 ntock-$25 par value, 150,000 shares authorized, 55,000 shares inoued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,375,000 420,000 553,000 $2,348,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholder 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 ist Journal entry worksheet