Time left 0:35:41 Nick & Dick went into business together as partnership (N&D LLP), selling computer software through the internet. On January 1, they each put in $7820 as capital, and this goes into the N&D LLP's account at their local bank. They buy computer equipment for $10,000 (paid in cash) and set up for business in Dick's dad's basement. The cost of the computer equipment will be amortized over the next three years, with a disposal value of $1,000. Dick's dad has agreed to let them operate out of his basement if they pay him a rent of $1,200 per year. At the end of the first month of business they have made no sales and incurred no expenses, other than the amortization of the computer equipment and the rent (which is owed to Dick's dad). During February they make sales of $5,000, all of which is paid for by customers' credit cards. By the end of February, they are still waiting to receive the cash. In addition to another month's rent and amortization, they have bought the software that was sold to customers at a cost of $2,000, which they paid by cheque. The owner's investment at the end of February is: Answer: Next page