On April 1, 2019, Franky Paul started a business in Montego Bay, with its primary functions being the buying and selling of used auto parts. At the end of his first year of trading, he has provided you with the following account balances:

Mr. Paul also had cash sales during the year amounting to $1,230,000, cash purchases amounting to $953,000, discounts allowed for $23,000, and discounts received for $14,500.

In light of this information, how much was Mr. Pauls capital one year later, on April 1, 2020?

Select one:

a. $1,533,150

b. $1,556,150

c. $1,715,000

d. $1,738,000