In January 2022, Builder Inc. sells 60,000 no par value common shares for $18 each to the investing public on a subscription basis. Terms of the sale require the investors to pay $10 on contract signing, $3 in July 2022, and the balance in December 2022. The subscription contract provides that Builder Inc. is not required to reimburse investors who default on their contract. In July 2022, investors that subscribed to purchase 48,000 shares make the agreed upon payment; the remainder default on the contract. In December 2022, investors that subscribed to purchase 38,000 shares make the agreed upon payment; the remainder default on the contract. Required Prepare the journal entries required in January 2022, July 2022, and December 2022 assuming that Builders Inc. follows ASPE pertaining to accounting for equity transactions