5 2017, Lexx, Inc., iusued for s103 per shwe, 20,000 shares of s100 par value convertam preterred one stock can be converted into three shares of Lexx's s2s par value common stock at the of leeferred 2010, al of the preferred stock was converted into common dock. The market value me the d conversion was $30 per share. What total the conversion of the preferred stock into common stock? b, $260,000 d $560,000