A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically:

Henry (60%)	$	58,000
Thomas (25%)		70,000
Catherine (15%)		136,000

Anne is going to invest $48,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be Annes beginning capital balance?

2.

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

Alexander, Capital	$	46,000
Bertrand, Capital		56,000
Coloma, Capital		66,000

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.
• Bertrand 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 $3,000 cash per year.

Assuming that the net income is $56,000 and that each partner withdraws the maximum amount allowed, what is the balance in Coloma's capital account at the end of the year?