Problem 14-11 (Algo) (LO 14-4, 14-5, 14-6) A partnership begins its first year of operations with the following capital balances: Winston, Capital Durham, Capital Salem, Capital $ 64,000 54,000 64,000 According to the articles of partnership. all profits will be assigned as follows: Winston will be awarded an annual salary of $12,000 with $6.000 assigned to Salem. . The partners will be attributed interest equal to 10 percent of the capital balance as of the first day of the year. The remainder will be assigned on a 5:2-3 basis, respectively. Each partner is allowed to withdraw up to $6.000 per year. The net loss for the first year of operations is $24.000 and net income for the subsequent year is $26.000. Each partner withdraws the maximum amount from the business each period. What is the balance in Winston's capital account at the end of the second year? Multiple Choice O $46,30 O $53.930 $56,930 $59,930