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Required information [The following information applies to the questions displayed below.) The stockholders' equity section of TVX Company on February 4 follows Common stock-$20 par

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Required information [The following information applies to the questions displayed below.) The stockholders' equity section of TVX Company on February 4 follows Common stock-$20 par valve, 150,000 shares authorized, 62,000 shares issued and outstanding $ 1,240,00 Paid in capital in excess of par value, connon stock 425,000 Retained earnings 567.000 Total stockholders' equity $ 2,212,000 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) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock 820 par vakio Paid in capital in excess of par value, common stock Retained oamings Total stockholders equity $ 0 The stockholders' equity section of TVX Company on February 4 follows. Common stock-$20 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,240,000 425,000 547,000 $ 2,212,000 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

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