AIM Inc. showed the following equity account balances on the December 31, 2022, balance sheet:

Common shares, unlimited authorized shares, 883,400 shares issued and outstanding	$	7,597,240
Retained earnings		1,992,900

During 2023, the following selected transactions occurred:

Feb.	10		Repurchased and retired 146,200 common shares at $10.00 per share; this is the first retirement recorded by AIM.
May	15		Declared a 2:1 share split to shareholders of record on June 1, distributable June 15.
Dec.	1		Declared a 10% share dividend to shareholders of record on December 10, distributable December 20. The market prices of the shares on December 1, December 10, and December 20 were $6.00 $6.50, and $4.80, respectively.
	20		Distributed the share dividend declared December 1.
	31		Closed the credit balance of $839,307 in the Income Summary account.

Required: a. Journalize the transactions above (assuming the retirements were the first ever recorded by AIM Inc.). The company does not use a share dividends account. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b. Prepare the equity section on the December 31, 2023, balance sheet.