Required information Exercise 11-8 Small stock dividends LO P2 The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February 5 follows Common stock-$5 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 300,000 424,000 545,000 $1,269,000 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 $31 per share on February 5 before the stock dividend. rcise 11-8 Part 1 repare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 1 2 Record the declaration of a 2% stock dividend. Journal entry worksheet