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Davis and Thompson are partners. They split profits and losses based on their capital balances at the beginning of each year. Davis' capital balance at
Davis and Thompson are partners. They split profits and losses based on their capital balances at the beginning of each year. Davis' capital balance at the beginning of the year was $75,000, and Thompson's balance was $125,000. At the end of the year, the company suffered a loss of $27.000. During the year, Davis withdrew $4,800 from the company, and Thompson withdrew S12.500. What is Thompson's capital balance at the end of the year, after the loss has been allocated
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