! 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, 64,000 shares issued and outstanding $ 640,000 Paid-in capital in excess of par value, common stock 426,000 Retained earnings 548,000 Total stockholders' equity $ 1,614,000 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 $31 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. > Debit Credit View transaction list View journal entry worksheet No Date General Journal 1 February 05 Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock 2 February 28 Common stock dividend distributable Common stock, No-Par value 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, 64,000 shares issued and outstanding $ 640,000 Paid-in capital in excess of par value, common stock 426,000 Retained earnings 548,000 Total stockholders' equity $ 1,614,000 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 $31 per share on February 5 before the stock dividend. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Total stockholders' equity $ 0