Keris Emery intends to buy a second-hand car for business use. The car is listed in the local newspaper as costing £2,999 but Keris has been able to negotiate a price of £2,500. However, there are some extra costs associated with the purchase. The car will need new tyres to make it roadworthy, which will cost £400 for a set. Additionally, she will need to install a satellite navigation system at a cost of £250. Road tax for the year is going to total £190 and she estimates the fuel costs for the year will be £2,105. She also wants the car painted at a cost of

£120. A local garage has agreed to install the tyres and the satellite navigation system at a joint price of £600 if she pays in cash.

Keris decides to go ahead with the purchase and takes the local garage up on its offer.

What would be the value of the car on the balance sheet?