A business possessed the following assets and liabilities at the beginning of the year. a motor car worth $2500$ inventory that cost $4000$ and had a sales value of $5800$ a bank overdraft amounting to $500$ a loan of $1000$ made to a friend from the business bank account What was the capital account balance at the beginning of the year?
- A$5000$
- B$7000$
- C$8000$
- D$8800$