The stockholders' equity section of TVX Company on February 4 follows. Common stock-$20 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,240,000 426,000 549,000 $ 2,215,000 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 $36 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list View journal entry worksheet No Date General Journal 1 February 05 Retained earnings 2 February 28 Common stock dividend distributable Paid-in capital in excess of par value, Common stock Common stock dividend distributable Common dividend payable Debit Credit 44,640