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, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 870,000 425,000 550,000 $1,845,000 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. 1. Prepare entries to record both the dividend declaration and its distribution, Answer is complete and correct. NO Date General Journal Credit Debit 41,760 1 Feb 05 Retained earnings Common stock dividend distributable 17.400 Pald-in capital in excess of par value, Common stock 24,360 2 Feb 28 17,400 Common stock dividend distributable Common stock, 515 par value 17.400 0 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, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 870,000 425,000 550,000 $1,845,000 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. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) ences TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity S