Information from the financial statements of Ames Fabricators, Incorporated included the following:

$\backslash$table$[[,$December $31],[$Common shares,$2024,2023],[$Convertible preferred shares $($convertible into $62,000$ shares of common$),100,000,100,000],[8\%$ convertible bonds $($convertible into $30,000$ shares of common$),22,800,22,800],[,$$$1,000,000,$$$1,000,000$