Required Information [The following information applies to the questions displayed below.] The stockholders' equity of Whiz.com Company at the beginning of the day on February 5 follows. Common stock-$15 par value, 150,000 shares authorized 58,000 shares issued and outstanding $ 870,000 Pald-in capital in excess of par value, common stock 525,000 Retained earnings 675,000 Total stockholders' equity $2,070,000 On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $58 per share on February 5 before the stock dividend. The stock's market value is $50 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution. (Omit the "$" sign in your response.) Date General Journal Debit Feb. 5 Retained earnings Common stock dividend distributable Contributed capital in excess of state, common stock Credit 28 Feb. Common stock dividend distributable Contributed capital in excess of par, common stock