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