On 28 June 2019, Smith Led issued a prospectus offering 400,000 ordinary shares at an issue price of $4.00 each, payable $2.00 on application, $1.00 on allotment and the balance on a future call. Applications closed on 15 August 2019 with the company having received applications for 440,000 shares. The shares were allotted on 1 September 2019, with the over-subscription amount being refunded to unsuccessful applicants. All allotment money was received by 30 September 2019. On 1 December 2019, the company made a call for the balance amount outstanding on the share. By the due date of 31 December 2019, holders of 50,000 shares had not paid the call. The total amount debited to the cash account for the call money received would be: Select one: a. $440,000 O b. $400,000 O C. $350,000 O d. $50,000