A partnership began its 1st year of operations with the following capital balances:

Young, capital $143,000

Easton, capital $104,000

Thurman, capital $143,000

The Articles of Partnership stipulated that profits and losses be assigned in the following manner:

? Young was to be awarded an annual salary of $26,000 and $13,000 salary was to be awarded to Thurman. ? Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year. ? The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively. ? Each partner withdrew $13,000 per year. Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year. A. What was Eaton's total share of net income for the second year?

		$19,760 income.
		$17,160 income.
		$ 4,160 income.
		$17,290 income.
		$28,080 income.

B. What was Thurman's total share of net income for the second year?

		$ 4,160 income.
		$19,760 income.
		$17,290 income.
		$17,160 income.
		$28,080 income.

C. What was the balance in Young's Capital account at the end of the second year?

		$ 71,760.
		$ 84,760.
		$133,380.
		$132,860.
		$105,690.