A. Smart sets up a new business. Berfore he actually sells anything he has bought a motor vehicles $2,000, premises at a cost of $5,000 and goods of $1,000.He did not pay in full for his stock of goods and still owes $400 in respect for them. He had borrowed $3,000 from D. Bevan After the events just described and before trading starts, he has $100 cash in hand and $700 cash in bank. You are required to calculate the amount of his capital .