Easy Going Financial Services Limited with an authorized share capital of ₹ 100 million (10 million equity shares of ₹ 10 each) issued seven million equity shares for subscription at par. Applications were received for 6.9 million shares with application at the rate of ₹ 5 each and the company made allotment in full. The company asked for the balance money at the time of allotment. All the shareholders duly paid the allotment money except holders of 50,000 shares. 

1. How will the share capital of the company appear in the balance sheet at this stage? 

2. The management decided to forfeit the shares on which amounts are in arrears. How will the share capital appear after the forfeiture?