Con 2019. Addison, Inc. issued for $103 per share, 90,000 shares of $100 par value 3 Convertible preferred stock. One share of preferred stock can be converted into thrce shares of Addison's $10 par value common stock at the option of the preferred stockholder. In August 2021, all or the preferred stock. Was converted into common stock. The market value of the common stock at the date of the convernion was 530 per share. Prepare the journal entry below that Addision, Inc. would make in August 2021 when the convervion is recorded. (Hint: Think about thejournal entry that was made in 2019 when the P/S was issued)