A) $81,896

B) $82,080

C) $93,344

D) $97,344

A partnership begins its first year with the following capital balances: Alfred, Capital Bernard, Capital Collins, Capital $56,000 66,000 76,000 The articles of partnership stipulate that profits and losses be assigned in the following manner: Each partner is allocated interest equal to 8 percent of the beginning capital balance. Bernard is allocated compensation of $12,000 per year. Any remaining profits and losses are allocated on a 3.3:4 basis, respectively. Each partner is allowed to withdraw up to $4,000 cash per year. Assuming that the net income is $66,000 and that each partner withdraws the maximum amount allowed, what is the balance in Collins capital account at the end of that year