Redeemable preference shares of Rs. 2,00,000 are to be redeemed at par for which fresh equity shares of Rs. 80,000 are issued at a discount of 10%. What amount should be transferred to Capital Redemption Reserve Account?

• A. Rs. 2,00,000
• B. Rs. 1,20,000
• C. Rs. 1,28,000
• D. Rs. 72,000