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A partnership begins its first year with the following capital balances: Alexander, Capital Bertrand, Capital Coloma, Capital $ 42,000 52,000 62,000 The articles of partnership

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A partnership begins its first year with the following capital balances: Alexander, Capital Bertrand, Capital Coloma, Capital $ 42,000 52,000 62,000 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. Bertrand is allocated compensation of $10,000 per year. Any remaining profits and losses are allocated on a 3:3:4 basis, respectively. Each partner is allowed to withdraw up to $6,000 cash per year. Assuming that the net income is $52,000 and that each partner withdraws the maximum amount allowed, what is the balance in Coloma's capital account at the end of the year

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