O b. capitalized as asset for income tax purposes. O c. recognized as pension expense over the remaining service lives of the employees. O d. reported as pension expense only in the year of amendment. CH16 In 2015, Chartres Inc. issued 60,000 shares of $100 par value convertible preferred stock at $105 per share (market price). One share of preferred stock can be converted into three shares of $25 par value common stock at the option of the preferred stockholder. In April 2015, all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion? Select one: O a. $1,800,000. O b. $2 300,000. O c. 560,000. O d. $900,000. Finish attempt