1. Flint is starting a business, before starting to sell anything, he bought fixtures for $1,200, a van for $6,000 and an inventory of goods for $2,800. Although he has paid in full for the fixtures and the van, he still owes $1,600 for some of the inventory. Rub lent him $2,500. After the above, Flint has $200 in the business bank account and $175 cash in hand. You are required to calculate his capital.