Required Information [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. Connon stock-$10 par value, 150,820 shares authorized, 64,880 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 648,000 421, eee 554,600 $1,615,888 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 View transaction Hot Journal entry worksheet Record the declaration of a 2% stock dividend. Note: Enter debits before credits Date Credit Debit 35,340 Feb 05 General Journal Retained earnings Common stock dividend distributable Paid-in capital in excess of par value. Common stock 22,800 12.540 1. Prepare entries to record both the dividend declaration and its distribution. View transaction Mat Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits Credit Date Feb 28 General Journal Common stock dividend distributable Common stock, No-Par value Debit 22,800 22,800 Record entry Clear entry View general Journal