Required Information Exercise 13-8 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-$25 par value, 150,000 Shares authorized, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained camnings TotalIstockholders' equity $1,425,000 428,000 553,000 $2,406,800 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. Exercise 13-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 1 2 > Record the dedaration of a 2% stock dividend