! Required information [The following information applies to the questions displayed below.] The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 600,000 425,000 550,000 $ 1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. 1 2 Record the declaration of a 20% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit February 05 Retained earnings Common stock, $10 par value Record entry Clear entry View general journal 2 Record the distribution of a 20% stock dividend. Note: Enter debits before credits. Date February 28 General Journal Debit Credit View general journal Record entry Clear entry