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

Shareholders' equityShare capital$10 convertible preferred shares,10,000 shares authorized,5000shares issued$550000Common shares, no par value,200,000 shares authorized,100000shares issued1500000Total share capital2050000Retained earnings452000Total shareholders' equity$2502000

If510preferred shares are converted into common shares what is the dollar value of the common shares issued?

$7650

$8863

$50000

$56100