Common shares, unlimited authorized shares, 883,400 shares issued and outstanding Retained earnings During 2020, the following selected transactions occurred: $7,597,240 1,992,900 Feb.10 Repurchased and retired 146,200 common shares at $10.00 per share; this is the first retirement recorded by AIN. 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 $6.50, and $4.80, respectively. 20 Distributed the share dividend declared December 1. 31 Closed the credit balance of $839,307 in the Income Summary account