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Ayayai Corporation has the following shareholders' equity on December 31, 2021: Shareholders' equity Share capital...

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Accounting

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Ayayai Corporation has the following shareholders' equity on December 31, 2021: Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 5000 shares issued $650000 Common shares, no par value, 200,000 shares authorized, 80000 shares issued 1900000 Total share capital 2550000 Retained earnings 463000 Total shareholders' equity $3013000 If one preferred share is convertible into 10 common shares, how many common shares are issued when 410 preferred shares are converted? 04 O 41 O 4100 O 410

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