Nitro Paints Ltd. Invited applications for issuing 1,60,000 equity shares of ₹10 each at a premium of ₹3 per share. The amount payable as follows:On Application ₹6 per share (including premium ₹1) On Allotment ₹3 per share (including premium ₹1); The Balance on First and Final call.Applications for 1,80,000 shares were received. Applications for 10,000 shares were rejected and pro rata allotment was made to the remaining applications. Over payment received on application was adjusted towards sum due on allotment and calls. All calls were made and duly received except allotment and final call from Aditya who was allotted 3200 shares. His shares were forfeited. Half of the forfeited shares were reissued for ₹43000 as fully paid up.1. How many shares were applied by Aditya to get 3200 shares allotted? a. 3400 b. 4300 c. 2300 d. 34002. How much allotment money is in arrears on Aditya’s default? a. ₹8400 b. ₹4800 c. ₹6400 d. ₹46003. What amount of the forfeited shares is transferred to capital reserve? a. ₹8600 b. ₹6800 c. ₹7800 d. ₹87004. Mention the total amount of premium to be shown in the Balance sheet? a. ₹500600 b. ₹600500 c. ₹650500 d. ₹560600