Ossie does not keep full accounting records. The last accounts drawn up show that this capital balance was
Non-current assets 51,300
Inventory 7,770
Receivables 5,565
Payables 3,994
Bank overdraft 3,537
On reviewing his calculations, you note that there were no entries made in relation to rent for June 20x0 because the rent for June 20x0 was paid on 1 July 20x0. Rent is $500 per month. What is the value of Ossie’s closing capital?