In 2018, Transvaal Co. issued 13,325,000 shares of $100 par value, convertible preferred stock for $105. Each share can be converted to 5 shares of Transvaal Co.'s $5 par value common stock. In April of 2019, all of the preferred stock was converted to common stock. The market value of the shares on the day of conversion was $7. How much should Transvaal Co. record to additional paid in capital - common stock from the conversion? (NIE 17)

		$333,125,000
		$932,750,000
		$999,375,000
		$1,066,000,000