Megha Ltd. invited applications for issuing 90,000 equity shares of ₹ 100 each at a premium of ₹ 60 per share. The amount was payable as follows:On Application – ₹ 30 per share (including premium ₹ 10) On Allotment – ₹ 70 per share (including premium ₹ 50) On First and Final Call – Balance amountApplications for 1,00,000 shares were received. Shares were allotted on pro-rata basis to all the applicants. Excess money received with application was adjusted towards sums due on allotment. Sudha, a shareholder holding 4,500 shares, failed to pay the allotment money. Hershares were forfeited immediately after allotment. Afterwards the first and final call was made. Rajat, a holder of 3,600 shares, failed to pay the first and final call. His shares were also forfeited. All the forfeited shares were re-issued for ₹ 90 per share fully paid up.1. Amount of application money transferred to share allotment is --- (A) ₹9,00,000 (B) ₹30,00,000 (C) ₹3,00,000 (D) ₹2,00,0002. Amount of application money transferred to securities premium reserve is --- (A) ₹9,00,000 (B) ₹10,00,000 (C) ₹54,00000 (D) ₹60,00,0003. Amount debited to securities premium reserve debited on forfeiture of Sudha’s shares is --- (A)₹2,70,000 (B) ₹2,25,000 (C) ₹45,000 (D) ₹3,00,0004. Amount due on first and final call is ---- (A) ₹54,00,000(B) ₹60,00,000 (C) ₹51,30,000 (D) ₹49,14,000