Luxmi industries issued shares of Rs 1000 at a premium of Rs 10 per share, payable Rs 20 on application, Rs. 35 on allotment (including premium) and the balance on the first and final call. Mr. X who held 200 shares has paid only the application money and these shares were subsequently forfeited by the company. In this regard, by which amount share forfeiture account will be credited?
1
Rs. 4000
2
Rs. 2000
3
Rs. 3000
4
Rs. 200