Naval Ltd offered 20,000 Equity Shares of 10 each, of these 19,000 shares were subscribed. The amount was payable as ₹3 on application, ₹4 an allotment, ₹2 on First Call and balance on Second and Final call. If a shareholder holding 1,000 shares has defaulted on Second and Final call, what is the amount of money received on Second and Final call?

1
₹19,000
2
₹18,500
3
₹18,000
4
₹20,000
5
₹10,000

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