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 $ 510000 Common shares, no par value, 200,000 shares authorized, 100000 shares issued 2000000 Total share capital 2510000 Retained earnings 463000 Total shareholders equity $ 2973000 If 640 preferred shares are converted into common shares what is the dollar value of the common shares issued? $ 50000 $ 65280 $ 7234 $ 12800 Attempts: 0 of 1 used