Arrange the following share capital events in their proper chronological order:(A) Transfer to capital reserve.(B) Forfeiture of share.(C) Calls in arrears.(D) Re-issue of share.Choose the correct answer from the options given below:

The life cycle of defaulted capital shares follows this chronological sequence:A shareholder fails to pay a call, resulting in Calls in Arrears $\to$ (C).The board of directors decides to cancel the shares due to non-payment, resulting in Forfeiture of shares $\to$ (B).The forfeited shares are subsequently sold to a new buyer, resulting in the Re-issue of shares $\to$ (D).Any remaining capital profit from the forfeiture is transferred to the Capital Reserve $\to$ (A).Thus, the proper order is (C), (B), (D), (A).