Capital Transactions – Help to Figure Out The Answer

At 1 January 20X4, a company’s share capital consisted of 1,000,000 ordinary shares of 50c each, and
there was a balance of $800,000 on its share premium account.
During 20X4, the following events took place.
1 March The company made a bonus issue of 1 share for every 2 held, using the share premium
account.
1 July The company issued 600,000 shares at $2 per share.
1 October The company made a rights issue of 1 share for every 3 held at $1.80 per share.
What are the balances on the company’s share capital and share premium accounts at 31 December
20X4?
Share capital Share premium
$ $
A 1,400,000 2,860,000
B 2,800,000 1,460,000
C 1,800,000 2,320,000
D 1,400,000 2,360,000 (2 marks