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. Connon stock-$15 par value, 150,500 shares authorized, 63,880 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 945,888 424, eee 545, eee $1,914, eee 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 Mat Record the declaration of a 2% stock dividend. Record the distribution of a 2% stock dividend. 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. Connon stock-$15 par value, 150,800 shares authorized, 63,880 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 945,eee 424, eee 545, eee $1,914,000 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. Exercise 13-8 Part 2 2 Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity. TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Total stockholders' equity