18. Henry Gondorff and Joe Smeal create a partnership at the beginning of 20XX. They agree to share profits and losses equally. For the year 20XX, Henry Gondorff con- tributes $5,000 cash, $2,000 worth of IBM common stock, and a $1,500 certificate of deposit (CD) to the partnership. The partnership earns a net income of $48,000 during 20XX. Gondorff withdraws $10,500. After the partnership's books are closed for the year, the ending balance in Gondorff's capital account is A. ($2,000). C. $22,000. B. $8,500. D. $46,000