AIM Inc. showed the following equity account balances on the December 31, 2019, balance sheet: Common shares, unlimited authorized shares, 1,028,500 shares issued and outstanding Retained earnings $7,405,200 2,179,700 During 2020, the following selected transactions occurred: Feb.10 Repurchased and retired 164,300 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 $5.00 $7.00, and $6.30, respectively. 20 Distributed the share dividend declared December 1. 31 Closed the credit balance of $1,011,564 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.) View transaction list Journal entry worksheet > 1 2 3 4 5 Record the retirement of shares. Note: Enter debits before credits. Date February 10, 2020 General Journal Debit Credit Record entry Clear entry View general journal