A partnership begins its first year with the following capital balances: Alfred, Capital Bernard, Capital Collins, Capital $34,000 44,000 54,000 10 The articles of partnership stipulate that profits and losses be assigned in the following manner. Each partner is allocated interest equal to 7 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 $44.000 and that each partner withdraws the maximum amount allowed, what is the balance in Collins capital account at the end of that year? Multiple Choice $60,084 O $53,856 $57780 O 566,084