A partnership begins its first year with the following capital balances: Alfred, Capital $ 32,000 Bernard, Capital 42,000 Collins, Capital 52,000 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.

Bernard is allocated compensation of $12,000 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 in cash per year.

Assuming that the net income is $42,000 and that each partner withdraws the maximum amount allowed, what is the balance in Collins's capital account at the end of that year?