In $2021,$ XCF Co$.$ issued $8,513,000$ shares of $$50$ par value, convertible preferred stock for $$54.$ Each share can be converted to $5$ shares of XCF Co$.\text{'}$s $$8$ par value common stock. In July of $2022,$ all of the preferred stock was converted to common stock. The market value of the shares on the day of conversion was $$11.$ How much should XCF Co$.$ record to additional paid in capital $-$ common stock from the conversion?

$$85,130,000$

$$17,026,000$

$$340,520,000$

$$119,182,000$