Help AIM Inc. showed the following equity account balances on the December 31, 2019, balance sheet: 50 Common shares, unlimited authorired shares, 1,028,500 shares issued and outstanding Retained earnings $8,845,100 2,247,100 8 02.17.30 During 2020, the following selected transactions occurred: Feb. 10 Repurchased and retired 149,400 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 Deceber 10, distributable December 20. The market prices of the shares on December 1, December 10, and December 20 were $5.00 $7.10, and $5.90, respectively. 2e Distributed the share dividend declared December 1. 31 Closed the credit balance of $1,064,804 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 2 4 3 5 1 > Record the retirement of shares. 50 February 10, 2020 May 15, 2020 December 01, 2020 December 20, 2020 December 31, 2020 8 02:37:08 b. Prepare the equity section on the December 31, 2020, balance sheet. AIM INC Equity Section of Balance Sheet December 31, 2020 Contributed capital