JM Ltd. forfeited 400 shares of ₹10 each issued at a premium of ₹5 per share for the nonpayment of final call of ₹2 per share. There shares were re-issued for ₹4900 as fully paid up. The amount transferred in the 'Capital Reserve Account' on the forteiture of these shares will be:

1
₹3200
2
₹900
3
₹1200
4
₹5200

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