A company’s issued share capital stood at $400000$, consisting of ordinary shares of $0.50$ each that were fully paid. The transactions below then occurred. 1 A bonus shares issue was made at the rate of one ordinary share for every four ordinary shares already held. 2 Afterwards, a rights issue of ordinary shares was made at the rate of one new share for every two already held, at a premium of $0.15$ per share. The issue was fully subscribed. What amount will be added to the company’s bank account?
- A$125000$
- B$162500$
- C$250000$
- D$325000$