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