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Larry Curly, and Moe form a partnership on 01/01/2019. Terms of the written partnership agreement state that net income/loss is to be split in the

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Larry Curly, and Moe form a partnership on 01/01/2019. Terms of the written partnership agreement state that net income/loss is to be split in the ratio of 5:3:2, respectively, after salaries and 10% interest on beginnig-of-the-year capital balances are considered. On 01/01/2019, capital contributions by the three are as follows: Larry -- $50,000, Curly -- $70,000, Moe -- $90,000. Salaries paid during 2019 are as follows: Larry -- $40,000, Curly -- $45,000, Moe -- $60,000. Net income for the partnership for 2019 is $125,000. At 12/31/2019, after closing entries are made, what is the capital account for Curly? $62,500 $70,000 o $107,500 $151,000

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