AIM Inc. showed the following equity account balances on the December $31,2019,$ balance sheet:

Common shares, unlimited authorized shares, $1,090,200$ shares issued and outstanding

Retained earnings

$$7,740,420$

$2,332,300$

During $2020,$ the following selected transactions occurred:

May $15$ Declared a $2$:$1$ share split to shareholders of record on June $1,$ distributable June $15.$ shares on December $1,$ December $10,$ and December $20$ were $$5\mathrm{.}00$$$7\mathrm{.}40,$ and $$6\mathrm{.}40,$ respectively.

$20$ Distributed the share dividend declared December $1.$

$31$ Closed the credit balance of $$960,986$ 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.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$February $10,2020,$Common shares,$71,813,],[,$Retained earnings,$2,142,021,],[,$Cash,,$1,709,000vv$