Following is the information related to the financial instruments issued by the company during 2020:

On March 1, company issued 50,000 preferred shares with a 5% cumulative dividend for $10 per share. The preferred share are redeemable, but not retractable. In addition, the preferred shares can be converted into common shares at any time, at the ratio of 1-to-1.

During the year company issued 200,000 common shares for $5 per share.

Required: Show the calculations and measurements of the up-given financial instruments according to IFRS and ASPE, also show the related journal entries. Does these instruments have any effect on the debt to equity ratio of the company.