Read the passage given below and answer the question:

K Ltd. invited applications on 3000 Equity Shares of 100 each at a premium of 20. For application ₹ 50, on allotment ₹ 50 and on final call 20. Application also includes premium amount. Total application received 4,000 and allotted on prorata basis and excess amount adjusted towards allotment. One shareholder holding 600 shares did not paid allotment money but paid it with final call that was made after 2 months of allotment. Final call amount received in full.

Calculate the amount received in final call that includes arrear also.

₹ 80,000

The correct answer is Option (1) → ₹ 80,000

Money due on call = 3000 shares x 20
                           = 60000

Allotment money not received on 600 shares is 20,000

This total amount received on call = 60000 + 20000
                                                  = ₹80000