ABC Ltd was registered as a corporation on $1$ July $2023.$ On $4$ July $2023,$ ABC Ltd issued a prospectus offering $93785$ ordinary shares at an issue price of $$9$ each, payable $5\%$ on application and the balance on allotment.Application closed on $1$ August $2023$ with the company having received applications for $123921$ shares. The shares were allotted on $15$August $2023,$ with the over$-$subscription amount being refunded to unsuccessful applicants. All allotment monies were received by$31$ August $2023$After application, and prior to allotment, the balance in the Application account would be: