11. On January 2, 2012, LexxMark Co. issues 2,000 convertible preference shares that have a par value of 20 per share. The shares were issued at a price of 400 per share. On December 31, 2014, LexxMark Co. repurchases the convertible preference shares for 820,000. On this date, LexxMark will record a. A loss of 20,000. b. A credit to Share Premium-Conversion Equity 40,000. c. A debit to Retained Earnings 20,000. d. A credit to Share Capital-Preference 40,000