Blue Spruce Corporation has the following shareholders' equity on December 31, 2021: $590000 Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 5000 shares issued Common shares, no par value, 200,000 shares authorized, 90000 shares issued Total share capital Retained earnings Total shareholders' equity 1800000 2390000 449000 $2839000 If 430 preferred shares are converted into common shares what is the dollar value of the common shares issued? $10442 58600 $50740 $50000