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ABC Ltd was registered as a corporation on 1 July 2 0 2 1 . On 4 July 2 0 2 1 , ABC Ltd

ABC Ltd was registered as a corporation on 1 July 2021. On 4 July 2021, ABC Ltd issued a prospectus offering 100,000 ordinary shares at an issue price of $2.50 each, payable $1.50 on application and $1.00 on allotment.
Application closed on 1 August 2021 with the company having received applications for 110,000 shares. The shares were allotted on 15 August 2021, with the over-subscription amount being refunded to unsuccessful applicants. All allotment monies were received by 31 August 2021.
Required: Following the allotment, the amount transferred from the Cash Trust account to the Cash account would be:
$110000
$150000
$15000
$100000

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