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 400 cash in hand and 1,100 cash at bank.

Calculate the amount of his capital