Read the following text. Based on the information given , you are required to answerSunstar Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 50 each. The amount was payable as follows :On Application – ₹ 15 per share On Allotment – ₹ 10 per share On First and Final Call – ₹ 25 per shareApplications for 3,00,000 shares were received. Allotment was made to the applicants as follows :Category No. of Shares Applied No. of Shares Allotted I 2,00,000 1,50,000 II 1,00,000 50,000Excess money received with applications was adjusted towards sums due on allotment and calls. Namita, a shareholder of Category I, holding 3,000 shares failed to pay the allotment money. Her shares were forfeited immediately after allotment. Manav, a shareholder of Category II, who had applied for 1,000 shares failed to pay the first and final call. His shares were also forfeited. All the forfeited shares were reissued at ₹ 60 per share fully paid up1. Excess application money adjusted towards allotment is (A) ₹5,00,000 (B) ₹7,50,000 (C) ₹12,50,000 (D) ₹15,00,000 2. Amount unpaid by Namita on allotment is ---- (A) ₹3,000 (B) ₹15,000 (C) ₹30,000 (D)₹60,000 3.Forfeited Shares were reissued at(A) par (B) discount (C) premium (D) loss 4. No of shares reissued is ---- (A)3000 (B)1000 (C)4000 (D)3500