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, 57,000 shares issued and outstanding	$	570,000
Paid-in capital in excess of par value, common stock		429,000
Retained earnings		549,000
Total stockholders equity	$	1,548,000

On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $41 per share on February 5 before the stock dividend.

entry 1 - record the declaration of a 2% stock dividend

entry 2 - record the distribution of a 2% stock dividend