Novak Corporation is authorized to issue common and $$3$ convertible preferred shares. Each preferred share is convertible into four common shares. On July $2,$ the company issued $102,000$ preferred shares for $$110$ per share. The common shares were trading at $$25\mathrm{.}00$ on September $7,$ $$27\mathrm{.}50$ on September $19,$ and $$29\mathrm{.}00$ on September $28.$

Journalize the conversion of the preferred shares on September $19.$