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Each partner is allocated interest equal to 10% of the beginning capital balance. Burns is compensated at $6,000 per year. The net income of the

image text in transcribed Each partner is allocated interest equal to 10% of the beginning capital balance. Burns is compensated at $6,000 per year. The net income of the year is $30,000. What is the ending capital balance of Burns for the first year? $39,000$30,000$40,200$39,200

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