A partnership begins its first year with the following capital balances: Arthur, Capital 60000 Baxter, Capital 80000 Cartwright Capital 100000 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 Baxter is allocated compensation of 20000 per year Any remaining P&L are allocated on a 3:3:4 basis Each partner is allowed to withdraw up to 5000 cash per year. Assuming that the net income is 50000 and that each partner withdrawls the max amount what is the balance in Cartwrights capital acct at the end of the year. A 105800 B 106200 C 106900 D 107400 Show your work