Partnership and Bankruptcy #6

A Partnership began its first year of operations with the following capital balances:

Young, Capital: $ 143,000

Eaton, Capital: $ 104,000

Thurman, Capital: $ 143,000

The articles of Partnership Stipulated that profits and losses be assigned in the following manner: Young was to be awarded an annual salary of $26,000 with $ 13,000 salary assigned to Thurman. Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year. The remainder was to be assigned on a 5:2:3 basis to young, Eaton, and Thurman respectively. Each partner withdrew $13,000 per year. Assume that the net loss for the year of operations was $26,000 with net income of $52,000 in the second year. What was the balance in Eaton's Capital Account at the end of the second year?

$ 105,690

$ 84,760

$ 133,380

$ 132,860

$ 71,760