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$945,000Paid-in capital in excess of par value, common stock424,000Retained earnings552,000Total stockholders' equity$1,921,000

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 $41 per share on February 5 before the stock dividend.

Record the declaration of a 2% stock dividend.

Record the distribution of a 2% stock dividend.