14. In 2014, Eklund, preferred stock. One share of preferred stock value common stock at was converted into co the option of the preferred stockholder. In August 2015, all of the preferred stock mmon stock. The market value of the common stock at the date of the conversion Inc., issued for $103 per share, 70,000 shares of $100 par value convertible can be converted into three shares of Eklund's $25 par wasper hare. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock? a. $1,190,000. b. $ 910,000. c. $1,750,000. d. $1,960,000. 10