ABC Industries Ltd. issued $2,000$, $10\%$ Debentures of $\text{Rs. }100$ each, at a premium of $\text{Rs. }10$ per debenture payable as follows: On application $\text{Rs. }50$ On allotment $\text{Rs. }60$. The debentures were fully subscribed, and all money was duly received. The amount of long-term borrowings on the balance sheet will be:

1. A
   $2,00,000$
2. B
   $1,00,000$
3. C
   $1,20,000$
4. D
   $2,20,000$