AIM Inc. showed the following equity account balances on the December 31, 2022, balance sheet: Common shares, unlimited authorized shares, 961,200 shares issued and outstanding $ 8,746,920 Retained earnings 2,365,400 During 2023, the following selected transactions occurred: Feb. 10 Repurchased and retired 143,700 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 $7.00, and $5.40, respectively. 20 Distributed the share dividend declared December 1. 31 Closed the credit balance of $985,930 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.