X Ltd. forfeited 400 shares of Rs. 20 each Rs. 15 called up on which application and allotment money of Rs. 11 per share has been received. Of these, 100 shares were re-issued as fully paid-up for Rs. 24 per share. What is the amount to be transferred to Capital Reserve ?
A. Rs. 1,500
B. Rs. 4,400
C. Rs. 1,100
D. Rs. 3,500
