X0VZ Leasing issued 500 shares of S1D gar vale convertible preferred stock at S12 per stare. Each prefered stare is converted to 7 stares of S2 garalue common siock The entry to record this conversion wouid indiude a: (Be sure to first write-out the initial entry for the issuance of the preferred stock) a) debit to Additional Paid-in Capital on Preferred Stock for $5,500 b) credit to Additional Paid-in Capital from Preferred Stock Conversion for $1,500 c) credit to Common Stock for $5,500 d) debit to Retained Earnings for $1,500