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Don, one of the three partners in DFE & Associates, had a balance of $45,000 in his capital account at the beginning of 2020. Dons
Don, one of the three partners in DFE & Associates, had a balance of $45,000 in his capital account at the beginning of 2020. Dons portion of the salary allocation was $30,000; his portion of the interest allocation was $3,600. At that point, there was $66,000 remaining to be allocated on a 3:4:5 ratio, to Don, Frank, and Elmer, respectively. What is the ending balance of Dons capital account?
$95,100
$50,100
$67,000
$16,500
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