Blue Corporation issued $1,900$ shares of $$10$ par value common stock upon conversion of $950$ shares of $$50$ par value preferred stock. The preferred stock was originally issued at $$64$ per share. The common stock is trading at $$26$ per share at the time of conversion.

Record the conversion of the preferred stock. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

Account Titles and Explanation

Debit

Credit