A partnership begins its first year of operations in the following capital balances: Allen, Capital (30% of gains and losses).. Burns, Capital (20% of gains and losses).. .$60,000 $30,000 ..$90,000 Claud, Capital (50% of gains and losses).... Each partner is allocated interest equal to 10% of the beginning capital balance. Burns is compensated at $5,000 per year. The net income of the year is $25,000. What is the ending capital balance of Burns for the first year? $30,000 $38,400 $37,000 $37,600