rinity Inc. was incorporated on January 3, 2020 and on that date issued 35,000 common shares for cash at $2.5 each. On March 31, Trinity issued 2,000 preferred, $5 cumulative preferred shares, convertible to common Shares at the rate of 4 common shares for one preferred share. The preferred shares were issued for $13 each. On September 18, 800 of the preferred shares were converted to common shares. On that date, the market value was $3.00 for the common shares and $12.50 for the preferred shares. On December 20, 15,000 common shares were reacquired for $2.75 each. Instructions a) Journalize the share transactions described b) Calculate the number of issued shares and average per share amount of each class remaining at the end of the year. (preferred & common) ***SHOW YOUR WORK FOR PARTIAL MARKS!!*** A B 1 ili III 3 Part A Date Account Debit Credit Jan 3 Mar 31 Part B Common share price per share Number of common shares Preferred share price per share Number of preferred shares