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

Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)

Required information [The following information applies to the questions displayed below.] The stockholders' equity section of TVX Company on February 4 follows. 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