Tara Ltd. forfeited 500 shares of ₹10 each, ₹8 called up, on which John had paid application money ₹4 and allotment money of ₹3 per share. Out of these, 300 shares were reissued to Kishor as fully paid up for ₹ 8 per share. What is the amount that has been transferred to Capital Reserve Account?
1
₹300
2
₹1,000
3
₹1,500
4
₹2,100
5
₹2,500