Mark Waugh starts business. Before any sales, he has purchased fixtures 12,000, motor vehicle…

Mark Waugh starts business. Before any sales, he has purchased fixtures 12,000, motor vehicle 30,000 and stock of goods 21,000. Although he has paid in full for the fixtures and motor vehicle, he still owes 8,400 for some of the stock. His brother Steve has lent him 18,000. Mark, after the above, has 16,800 in the business bank account and 600 cash in hand. Calculate Marks capital?

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