The Adams Corporation issued 1,000, no par value, convertible preferred shares at $100 per share. Each share is convertible into 10 common shares. On July 31, when 150 preferred shares are converted into common shares. Instructions You own 150 preferred shares. Show the appropriate entries in the following 3 scenarios. All are dated July 31st, 2019. a. The market values of the two classes of shares are $101 and $13, respectively, b. The market value of the shares were $103 and $20, respectively? c.. The market value of the shares were 100 and $9.00 respectively