It's the declaration first and then the distribution please

Required information

$[$The following information applies to the questions displayed below.$]$

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

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Common stock$-$$$10$ par value, $150,000$ shares authorized, $60,000$ shares

issued and outstanding

Paid$-$in capital in excess of par value, common stock $ $600,000$

Retained earnings $550,000$

Total stockholders' equity $ $1,575,000$

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On February $5,$ the directors declare a $20\backslash \%$ stock dividend distributable on February $28$ to the February $15$ stockholders of record. The stock's market value is $\backslash (\backslash$$ $40\backslash )$ per share on February $5$ before the stock dividend.

$1.$ Prepare entries to record both the dividend declaration and its distribution.

Journal entry worksheet

Record the declaration of a $20\backslash \%$ stock dividend.

Note: Enter debits before credits.