Tamarisk Corporation issued 8,000 shares of $2 par value common stock upon conversion of 1,600 shares of $100 par value preferred stock. The preferred stock was originally issued at $103 per share. The common stock is trading at $23 per share at the time of conversion. Record the conversion of the preferred stock. Accounts [Select] [Select] [Select] [Select] Debit [Select] [Select] [Select] [Select] Credit