AIM Inc. showed the following equity account balances on the December balance sheet: Common shares, unlimited authorized shares, shares issued and outstanding Retained earnings $ View transaction list Date February View journal entry worksheet During the following selected transactions occurred: Feb Repurchased and retired common shares at $ per share; this is the first retirement recorded by AIM. May Declared a : share split to shareholders of record on June distributable June Dec. Declared a share dividend to shareholders of record on December distributable December The market prices of the shares on December December and December were $ $ and $ respectively. Distributed the share dividend declared December Closed the credit balance of $ 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 transactionevent select No journal entry required\" in the first account field. X No General Journal Debit Credit Date February May December December December Note Disclosure Amount b Prepare the equity section on the December balance sheet. AIM INC. Equity Section of Balance Sheet December Contributed capital: Total equity