A partnership begins its first year with the following capital balances: $ Alfred, Capital Bernard, Capital Collins, Capital 36.000 46,000 56,000 The articles of partnership stipulate that profits and losses be assigned in the following manner Each partner is allocated interest equal to 8 percent of the beginning capital balance. Bernard is allocated compensation of $16,000 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 $46,000 and that each partner withdraws the maximum amount allowed, what is the balance in Collins capital account at the end of that year? O $63,064 $57,376 O $60,480 568,064