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Required information [The following information applies to the questions displayed below.) 20 points The stockholders' equity of TVX Company at the beginning of the day

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Required information [The following information applies to the questions displayed below.) 20 points The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Skipped eBook Print Common stock-$10 par value, 150,000 shares authorized, 56,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 560,000 525,000 675,000 $1,760,000 References On February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $44 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 1 2

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