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, 71,800 shares issued and outstanding $ 710,000 Paid-in capital in excess of par value, common stock 525,000 Retained earnings 675,000 Total stockholders' equity $1,910,000 On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $39 per share on February 5 before the stock dividend. The stock's market value is $35 per share on February 28, Exercise 11-6 Part 1 1. Prepare entries to record both the dividend declaration and its distribution 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet