X Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of 20%. The amount was payable as follows: On application ₹ 6 (including premium) per share. On allotment ₹ 3 per share and The balance on first and final callApplications for 90,000 shares were received. Applications for 5,000 shares were rejected and pro-rata allotment was made to the remaining applicants. Over payments received on application was adjusted towards sums due on allotment. All Calls were made and were duly received except the allotment and first and final call on 1,600 shares allotted to Vijay. These shares were forfeited and the forfeited shares were re-issued for ₹ 18,400 fully paid up.1. Name the kind of subscription in the above case. (A) Minimum subscription (B) Under subscription (C) Over subscription (D) Full subscription2. State the total overpayments received on application adjusted towards sums due on allotment- (A) ₹60,000 (B) ₹30,000 (C) ₹15,000 (D) ₹50,0003. Number of shares applied by Vijay is- (A) 2000 (B) 1600 (C) 1800 (D) 17004. How much is the share forfeited amount transferred to Capital Reserve? (A) ₹2,400 (B) ₹7,000 (C) ₹6,400 (D) ₹18,400