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Capital balances in the MURF partnership are Molly, Capital $50,000, Ursula, Capital $40,000, Ray, Capital $30,000, and Fred, Capital $20,000, and income ratios are 4:3:2:1,

Capital balances in the MURF partnership are Molly, Capital $50,000, Ursula, Capital $40,000, Ray, Capital $30,000, and Fred, Capital $20,000, and income ratios are 4:3:2:1, respectively. Fred withdraws from the firm following payment of $29,000 in cash from the partnership. Rays capital balance after recording the withdrawal of Fred is

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