AIM Inc. showed the following equity account balances on the December 31, 2019, balance sheet: Common shares, unlimited authorized shares, 890,000 shares issued and outstanding Retained earnings $7,209,000 2,190, 200 During 2020, the following selected transactions occurred: Feb.10 Repurchased and retired 156,200 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 $6.70, and $5.00, respectively. 20 Distributed the share dividend declared December 1. 31 closed the credit balance of $1,027,010 in the Income Summary account. b. Prepare the equity section on the December 31, 2020, balance sheet. AIM INC. Equity Section of Balance Sheet December 31, 2020 Contributed capital: Total equity