XYZ Inc issued 683 convertible bonds - each at a price of 106.03% of the $1,000 face value. At issuance, similar bonds without the conversion option had a price of 99.92% of the $1,000 face value. The convertible bonds have just been converted. The carrying value of the bonds on the conversion date is $668,030, and the company has paid $19,090 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?

XYZ Inc's total common shares outstanding are 79,110 on Dec 31, Year 3, and 92,460 on Dec 31, Year 4. The company also has $559,440 of preferred shares cost balance. The preferred shares have a dividend rate of 5.29%. If the company's net income is $679,430 in Year 4, what is the company's price earnings (P/E) ratio in Year 4 if the average share price is observed to be $98.53 per share? Assume there are no other transactions during the year in the equity balances other than the net income and the dividends. Also assume that the simple average number of common shares works out to be the same as the weighted average number of common shares.

XYZ Inc issued 683 convertible bonds - each at a price of 106.03% of the $1,000 face value. At issuance, similar bonds without the conversion option had a price of 99.92% of the $1,000 face value. The convertible bonds have just been converted. The carrying value of the bonds on the conversion date is $668,030, and the company has paid $19,090 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?