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. Common stock$15 par value, 150,000 shares authorized, 56,000 shares issued and outstanding $ 840,000 Paid-in capital in excess of par value, common stock 422,000 Retained earnings 551,000 Total stockholders equity $ 1,813,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks 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. 1. Record the declaration of a 2% stock dividend.

Date	General Journal	Debit	Credit
Feb 05

• 2. Record the distribution of a 2% stock dividend.

• Date	General Journal	Debit	Credit
  Feb 28

3. 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	$