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2. John sets up a new business. Before he actually sells anything he has bought motor vehicles of Sh 300,000 premises of Sh700,000, stock of goods Sh200,000. He still owes Sh 80,000 in respect of them. He had borrowed Sh 400,000 from Boresha Ltd. After the events just described and before trading starts, he had Sh 30,000 cash in hand and Sh 60,000 cash at bank. Required Compute the amount of his capital