Franco and Elisa share income equally. During the current year the partnership net income was $40,000.

Franco made withdrawals of $12,000 adn Elisa made withdrawals of $17,000.

At the beginning of the year, teh capital account balances were: Franco capital, $40,000; Elisa capital, $58,000.

Franco's capital account balance at teh end of the year is:

74,500

62,500

60,000

48,000