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

Alfred, Capital	$	58,000
Bernard, Capital		68,000
Collins, Capital		78,000

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

Each partner is allocated interest equal to 10 percent of the beginning capital balance.

Bernard is allocated compensation of $14,000 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 $68,000 and that each partner withdraws the maximum amount allowed, what is the balance in Collins capital account at the end of that year?