B Wise is setting up a new business. Before actually selling anything, he bought a van for $4,500, a market stall for $2,000 and a stock of goods for $1,500. He did not pay in full for his stock of goods and still owes $1,000 in respect of them. He borrowed $5,000 from C Fox. After the events just described, and before trading starts, he has $1,500 cash in which $400 is in hand and $1,100 cash at bank. Calculate the amount of his capital.