JAMB Principles of Accounts 2001 Question 22

Use the information below to answer questions 22 and 23.
Given: (31/12/98 ₦; 31/12/99 ₦)
Assets: Plant & Mach. 1,500; 1,200
Fixtures 700; 520
Stock 500; 600
Debtors 900; 400
Cash 200; 300
Liabilities: Creditors 500; 600
Loan 600; 400
Determine the total fixed asset from the opening balance sheet

1. A.₦2,200
2. B.₦2,020
3. C.₦1,720
4. D.₦1,270.