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-$5 par value, 150,000 shares authorized, 70,000 shares issued and outstanding Pald-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 350,000 525,000 675,000 $1,550,000 On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $35 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28. Journal entry worksheet Record the declaration of 16% stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date Feb 05 1 Retained earnings TI Record entry Clear entry View general journal Journal entry worksheet Record the distribution of 16% stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date Feb 28 1 Record entry Clear entry View general journal