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, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 315,000 430,000 551,080 $1,296,000 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 $41 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list View journal entry worksheet Debit Credit No 1 Date Feb 05 1 General Journal Retained earnings Common stock dividend distributable 51,660 Paid-in capital in excess of par value, Common stock