View Policies Current Attempt in Progress Concord Corporation has the following shareholders' equity on December 31, 2021: $500000 Shareholders'equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 5000 shares issued Common shares, no par value, 200,000 shares authorized, 100000 shares issued Total share capital Retained earnings Total shareholders' equity 2000000 2500000 451000 $2951000 If one preferred share is convertible into 10 common shares, how many common shares are issued when 440 preferred shares are converted? 44 0 4400 04 O 440