15) A partnership began its first year of operations with the following capital balances: Young, Capital Eaton, Capital Thurman, Capital S 90,000 $ 100,000 $ 160,000 The Articles of Partnership stipulated that profits and losses be assigned in the following manner. Each partner is allocated interest equal to5% of the beginning capital balance Eaton is allocated compensation of $45,000 per year Any remaining profits and losses are allocated on a 3:3:4basis to Young, Eaton, and Thurman, respectively. Each partner is allowed to withdraw up to $25,000 cash per year Assuming that the net income is $115,000 and that each partner withdraws the maximum amount allowed, what is the balance in Thurman's capital account at the end of the year? A) $135,000 B) $168,000 C) $143,000 D) $164,000 E) $120,000 16) At the end of a partnership liquidation, how is any remaining cash distributed to the partners? A) Based on the individual partners' final capital balances. B) Based on their share of profits and losses. C) Equally. D) Based on the length of time the partner was with the partnership. E) Based on the initial investment made by each partner