Deepak Ltd. offered for subscription 5,50,000 equity shares of Rs. 10 each. The public applied for
5,00,000 shares. The call (Rs. 8 per share) was received except from Gopal, who holds 4,000 shares has
not paid after application money of Rs. 2 per share and from Shyam who holds 1,000 shares has paid
only Rs. 6 per share. Gopal?s shares were forfeited. The amount of subscribed capital to be disclosed in
the Balance Sheet is