Prepare financial statement for the following: under ASPE & IFRS.

Cancellation of Common Shares On September 15, the company reacquired and cancelled 9 shares (3 from each of Jack, Joe, and Jamal). The redemption price was $1,035 per share. Jack was unsure of how to account for this transaction, and therefore did not make any entries as at year end for the redemption. Prior to the reacquisition, there were 900 shares outstanding. Convertible Bonds In order to obtain additional capital to finance the expansion, EJA issued $500,000 in 8%, 10-year convertible bonds on January 1, 2020, for $500,000 cash. Each $1,000 bond includes the right to purchase 1 share for $750 during the life of the bond. The current market rate for similar nonconvertible bonds is 9%. The fair value of the option using an option pricing model is $49,760. Cancellation of Common Shares On September 15, the company reacquired and cancelled 9 shares (3 from each of Jack, Joe, and Jamal). The redemption price was $1,035 per share. Jack was unsure of how to account for this transaction, and therefore did not make any entries as at year end for the redemption. Prior to the reacquisition, there were 900 shares outstanding. Convertible Bonds In order to obtain additional capital to finance the expansion, EJA issued $500,000 in 8%, 10-year convertible bonds on January 1, 2020, for $500,000 cash. Each $1,000 bond includes the right to purchase 1 share for $750 during the life of the bond. The current market rate for similar nonconvertible bonds is 9%. The fair value of the option using an option pricing model is $49,760