The stockholders equity of TVX Company at the beginning of the day on February 5 follows. Common stock$5 par value, 150,000 shares authorized, 57,000 shares issued and outstanding $ 285,000 Paid-in capital in excess of par value, common stock 422,000 Retained earnings 551,000 Total stockholders equity $ 1,258,000 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. Prepare entries to record both the dividend declaration and its distribution.

The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$5 par value, 150,000 shares authorized, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $285,000 422,000 551.000 $ 1,258,000 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 341 per share on February 5 before the stock dividend. Prepare entries to record both the dividend declaration and its distribution