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

Alexander, Capital	$	40,000
Bertrand, Capital		50,000
Coloma, Capital		60,000

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

Each partner is allocated interest equal to 5 percent of the beginning capital balance.

Bertrand is allocated compensation of $20,000 per year.

Any remaining profits and losses are allocated on a 3:3:4 basis, respectively.

Each partner is allowed to withdraw up to $4,000 cash per year.

Assuming that the net income is $50,000 and that each partner withdraws the maximum amount allowed, what is the balance in Coloma's capital account at the end of the year?

a. $63,000

b. $68,000

c. $61,250

d. $72,000