10 Toronto, Inc. issued 4,000 shares of 5100 par preferred stock at $155 a share. Each share of stock has a warrant attached to it that allows the holder to purchase one share of S20 par value common stock at $50. Shortly after the preferred stock was issued, the stock sold for $150 eatrights and the warrants sold for $10 each. Required: a. Prepare thejournal entry to record the issuance ofthe preferred stock. b. Prepare the journal entry to record the exercise of 3,200 of the warrants. c. Prepare the journal entry to record the expiration ofthe remaining 300 warrants