Oddjob had $$7,800$ capital invested in his business at the start of the year. During the course of the year he took $$3,100$ cash out of the business and also paid his wife, who did some secretarial work for him,

$$500.$ The business$$ profit for the year was $$8,900.$ Oddjob also paid $$350$ for a new suit using the business cheque book during the year.

What is the balance on the capital account at the end of the year?

Group of answer choices