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, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 600,000 425,000 550,000 $1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 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 ontry worksheet No Date General Journal Dabit Credit Feb 05 Retained oamings 550.000 Common stock dividend distributable 480,000 Paid-in capital in excess of par value, Common stock 70,000 2 Feb 28 480,000 Common stock dividend distributable Common stock, $10 par value 480,000