On March $15,$ Year $6,$ a company issued $10,000$ of $$100$ par convertible preferred stock at $$104.$ Each share of convertible preferred is convertible into five shares of the company's $$1$ par value common stock

On October $19,$ Year $6,3,000$ shares of the convertible preferred stock issued on $3/15,$ Year $6,$ is converted to common stock.

Please prepare the journal entries for both March $15$ and October $19.$