is a private gaming company that follows ASPE. CodeInc. has been authorized to issue an unlimited number of common shares and 50,000 preferred shares. The dividend rate for the preferred shares is $3 per share. The following transactions took place during 2023 in relation to these shares. Jan 01 The charter states that an unlimited number of common shares and 50,000 preferred shares are authorized. Feb 01 Shares were sold on a subscription basis to three potential investors. Each investor purchased 10,000 shares for $50 per share. A 10% payment was received immediately. The balance was to be paid by December 31, 2024. Following the final payment, shares will be issued. Feb 20 Another batch of shares were sold on a subscription basis to seven potential investors. Each investor purchased 10,000 shares for $50 per share. Similar to above, a 10% payment was received immediately. However, the balance will be paid by December 31, 2023. Following the final payment, shares will be issued