Jaya Ltd., issued 60,000 shares of Rs. 10 each at a premium of Rs. 2 per share payable as Rs. 3 on Application, Rs. 5 (Including premium) on Allotment and the balance on first and final call. Applications were recived for 82,000 shares. The Directors resolved to allot as follows :
`{:((A),"Applicants of 30,000 shares","20,000 shares"),((B),"Applicants of 50,000 shares","40,000 shares"),((C ),"Applicants of 2,000 shares","Nil"):}`
Ramesh who had applied for 900 shares in catagory (A), and Suresh who was allotted 600 shares in category (B) failed to pay the allotment money. Calculate the amount received on Allotment.
