On January 1, 2018 Howard Corporation issued 1000 shares of $100 par convertible preferred stock for $125 per share. On January 15, 2020 all shares are converted to common stock. Record the January 1 2018 issuance of the preferred stock. Date Account Title DR CR Jan. 1 Cash 125,000.00 Preferred Stock 100,000.00 Additional Paid in Capital-Prof Stock 25,000.00 Record the January 15, 2020 to convert the preferred stock to common based upon the following stated contract information: wichshare s convertible into 5shares of $15 par common stock Date Account Tide OR CR Jan. 15 Preferred Stock 100,000.00 Additional Paid in Capital-Pref Stock 25,000.00 Common Stock 75,000,00 Additional Paid In Capital from Pref Stock Conversion 50,000.00 b. wach share is convertible into Il shares of $ 15 par common stock Date Account Title DR CR Jan. 15 Preferred Stock " 100,000.00 Additional Paid in Capital-Pref Stock 25,000.00 Retained Earnings 40,000.00 Common Stock 165,000.00 What if the preferred stock was callable instead of convertible. Prepare the journal entries to recall the stock on December 31 a. at a price of $155 pershare Date Account Title DR CR Dec. 31 b. at aprice of $ 120 per share Date Account Tide DR CR