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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

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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-$10 par value, 150,000 shares authorized, 56,000 shares issued and outstanding $ 560,000 Paid-in capital in excess of par value, common stock 426,000 Retained earnings 554,000 Total stockholders' equity $1,540,000 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

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