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-$15 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 $ 945,000 422,000 547,000 $1,914,000 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 $31 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. Required information 1 2 Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Date Credit Debit 45,360 Feb 05 General Journal Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Preferred stock 25,200 20,160 Record entry Clear entry View general journal Journal entry worksheet