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A partnership begins its first year with the following copital balances: Alexander, Capital Bertrand, Capital Coloma, Capital $ 90,eee 100, eee 160,000 The articles of
A partnership begins its first year with the following copital balances: Alexander, Capital Bertrand, Capital Coloma, Capital $ 90,eee 100, eee 160,000 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 $45,000 per year. . Any remaining profits and losses are allocated on a 3:3:4 basis, respectively. Each partner is allowed to withdraw up to $25.000 cash per year. Assuming that the net income is $115,000 and that each partner withdraws the maximum amount allowed, what is the balance in Coloma's capital account at the end of the year
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