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

Alexander, Capital	$	62,000
Bertrand, Capital		72,000
Coloma, Capital		82,000

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 $18,000 per year.
• Any remaining profits and losses are allocated on a 3:3:4 basis, respectively.
• Each partner is allowed to withdraw up to $3,000 cash per year.

Assuming that the net income is $72,000 and that each partner withdraws the maximum amount allowed, what is the balance in Coloma's capital account at the end of the year?

Multiple Choice

• $103,336

• $86,920

• $100,336

• $88,024