John commenced business on 1 January 20x7 with a capital in cash of 20 000. During the year ending on 31 December 20x7 he bought 6 450 leather brief cases at 30 each and sold 5 800 of then at 50 each. Other expenses MCFM_FR&A (All Campuses) SUJET Drill-Testing Random Qs(F2020) 4 during the year amounted to 72 500. An inventory (stock) take on 31 December 20x7 established that he holds a inventory (stock) of 630 unsold brief cases. The rest of the brief cases have gone missing. Calculate his capital (equity) as at 31 December 20x7. A) 62 900 B) 63 500 C) 20 000 D) 43 000