Pee Ess Limited with an authorized share capital of ₹ 50 million divided into five million equity shares of ₹ 10 each made a public issue of two million equity shares at par. The company called the full face value of the shares in three instalments. All the shareholders paid the amount due except the holders of 200,000 shares who failed to pay ₹ 3 per share. 

1. Show the share capital in the balance sheet of the company. 

2. The company decided to forfeit the shares on which the calls are unpaid. 

How will the forfeiture affect the balance sheet of the company?