XYZ Inc issued 627 convertible bonds - each at a price of 105.07% of the $1,000 face value. At issuance, similar bonds without the conversion option had a price of 99.00% of the $1,000 face value. The convertible bonds have just been converted. The carrying value of the bonds on the conversion date is $613,270, and the company has paid $17,530 to the bondholders to induce early conversion. Using the book value method and IFRS, how much will the company's common share balance increase with conversion? O a $683,895 O b. $716,462 OC $667,612 Od $700,179 O e $651,329