Sunland Corporation has the following shareholders equity on December 31, 2021:

Shareholders' equity
Share capital
$10 convertible preferred shares,
10,000 shares authorized, 4000 shares issued		$580000
Common shares, no par value,
200,000 shares authorized, 80000 shares issued		2000000
Total share capital		2580000
Retained earnings		464000
Total shareholders equity		$3044000

If one preferred share is convertible into 10 common shares, how many common shares are issued when 520 preferred shares are converted?

5200

5

520

52