A partnership begins its first year with the following capital balances:

Alfred, Capital $ 52,000

Bernard, Capital 62,000

Collins, Capital 72,000

The articles of partnership stipulate that profits and losses be assigned in the following manner:

Each partner is allocated interest equal to 6 percent of the beginning capital balance.

Bernard is allocated compensation of $20,000 per year.

Any remaining profits and losses are allocated on a 3:3:4 basis, respectively.

Each partner is allowed to withdraw up to $5,000 cash per year.

Assuming that the net income is $62,000 and that each partner withdraws the maximum amount allowed, what is the balance in Collins capital account at the end of that year?