T Charles starts a business. Before he actually starts to sell anything, he has bought fixtures

£2,000, motor vehicle £5,000 and a stock of goods £3,500. Although he has paid in full for the fixtures and the motor vehicle, he still owes £1,400 for some of the goods. J Preston had lent him

£3,000. Charles, after the above, has £2,800 in the business bank account and £100 cash in hand.

You are required to calculate his capital.