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A portnership begins its first year with the following capital boloncess The orticies of porterthip stipulate that profits and losses be assigned in the following

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A portnership begins its first year with the following capital boloncess The orticies of porterthip stipulate that profits and losses be assigned in the following manner - Each porner is allocoted intereat ecuol to s percent of the beginnnt capial balance - Bertrond lb allocated compensation or $20,000 per year - Any rembining profis and losses ore allocoted on o 3.334 basis, respectively - Eoch portrieris allowed to withatew up to $5.000 cash peryeor Asseming thot the net incoge is 586,000 and that each partner withdrews the moximum amount aliowed, whot is the belance an Colema s coptal accourt se the end of the year

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