Required information [The following information applies to the questions displayed below.) The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par value, 150,000 shares authorized, 59,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 590,000 429,000 545,000 $ 1,564,000 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. Journal entry worksheet 1 2 > Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Debit Credit Date General Journal February 05 Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock Record entry Clear entry View general journal Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit February 28 Record entry Clear entry View general journal