Stockholders’ equity for Yuri Co. on December 31 was as follows:
Preferred stock, $15 par, 30,000 shares issued and outstanding . . . . . . . . . . $ 450,000
Paid-in capital in excess of par—preferred stock . . . . . . . . . . . . . . . . . . . . . . . . 90,000
Common stock, $10 par, 150,000 shares issued and outstanding . . . . . . . . . 1,500,000
Paid-in capital in excess of par—common stock . . . . . . . . . . . . . . . . . . . . . . . . 750,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,450,000

Preferred stock is convertible into common stock.
Provide the entry made on Yuri Co.’s books assuming that 4,000 shares of preferred are converted under each assumption listed:
1. Preferred shares are convertible into common on a share-for-share basis.
2. Each share of preferred stock is convertible into 4.0 shares of common.
3. Each share of preferred stock is convertible into 1.5 shares of common.