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If John, Susan, Greg, and Smith have capital balances at the beginning of the year totaling $20,000, $20,000, $30,000, and $30,000, respectively, what is Smith's
If John, Susan, Greg, and Smith have capital balances at the beginning of the year totaling $20,000, $20,000, $30,000, and $30,000, respectively, what is Smith's end-of-year capital balance if he withdrawals $5,000 during the year and is allocated his share of income based upon his capital balance at the beginning of the year when the year's income is $50,000?
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