The authorized capital of Muscat Mining Corporation was OMR 2,000,000 divided into shares of OMR 1 each. The company already had in issue 500,000 shares fully paid up. In the year 2020 the company issued for subscription by the public 600,000 shares. 90% of the issued capital was subscribed by the public. The company called up for all the allotted shares in full. There was a failure of payment of call money from a shareholder holding 2,000 shares. Find out the total amount of paid up capital?

a.

OMR 1,040,000

b.

OMR 1,138,000

c.

OMR 1,140,000

d.

OMR 1,038,000