OrioleCorporation has the following shareholders' equity on December 31, 2021:

Shareholders' equityShare capital$10 convertible preferred shares,10,000 shares authorized,5000shares issued$530000Common shares, no par value,200,000 shares authorized,90000shares issued1900000Total share capital2430000Retained earnings448000Total shareholders' equity$2878000

If one preferred share is convertible into 10 common shares, how many common shares are issued when580preferred shares are converted?

580

6

58

5800