In $2024,$ Carla Vista, Inc. issued $95000$ shares of $$100$ par value convertible preferred stock for $$103$ per share. Each share of

preferred stock can be converted into three shares of Carla Vista's $$20$ par value common stock at the option of the preferred

stockholder. In August $2025,$ all of the preferred stock was converted into common stock. The market value of the common stock at

the date of the conversion was $$25$ per share. What amount will be credited to additional paid$-$in capital from common stock as a

result of the conversion?

$$2660000$

$$3800000$

$$4085000$

$$3040000$