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The stockholders' equity section of TVX Company on February $4$ follows.

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.

Prepare entries to record both the dividend declaration and its distribution.

$1$ Record the declaration of a $2\%$ stock dividend.

$2$ Record the distribution of a $2\%$ stock dividend.

Note : $=$ journal entry has been entered