The director of a limited company resolved to forfeit 1000 equity shares of Rs. 10 each; Rs. 7.50 paid up for non-payment of the final call money of Rs. 2.50 per share. 700 of these forfeited shares were reissued at Rs. 7 per share. The amount to be transferred to the capital reserve would be

A. Rs. 2,500

B. Rs. 1,500

C. Rs. 3,500

D. Rs. 3,150

Answer: Option D