The stockholders’ equity section of TVX Company on February 4 follows. Common stock—$25 par value, 150,000 shares authorized, 62,000 shares issued and outstanding $ 1,550,000 Paid-in capital in excess of par value, common stock 426,000 Retained earnings 551,000 Total stockholders’ equity $ 2,527,000 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. 1. Prepare entries to record both the dividend declaration and its distribution.