The stockholders equity section of TVX Company on February 4 follows.

Common stock$25 par value, 150,000 shares authorized, 59,000 shares issued and outstanding	$ 1,475,000
Paid-in capital in excess of par value, common stock	426,000
Retained earnings	546,000
Total stockholders equity	$ 2,447,000

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.

Required information [The following information applies to the questions displayed below.) The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150,000 shares authorized, 59,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,475,000 426,000 546,000 $ 2,447,000 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. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list 1 Record the declaration of a 2% stock dividend. > 2 Record the distribution of a 2% stock dividend. Credit