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-$20 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,220,000 423,000 551,000 $2,194,000 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. View transaction list Journal entry worksheet Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Debit Credit Date Feb 05 General Journal 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. Debit Credit Date Feb 28 General Journal Common stock dividend distributable common stock, Common stock, $0.50 par value Common stock, $1 par value Common stock, $1 stated value Common stock, $20 par value Record el View general journal Common stock, $8 stated value 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) 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