Revenues:

Revenues $852,000

Tax-exempt interest income 5,000

Dividend income (all qualified) 3,900

Expenses:

Business interest expense (63,100)

Employee salaries (325,000)

Advertising (17,000)

Office Expense (18,600)

Payroll taxes (35,400)

Depreciation Expense (12,000)

Guaranteed payment, David (120,000)

Entertainment for clients (6,600)

Travel (10,000)

Contribution to charity (4,200)

Equipment rental (11,000)

Life insurance premiums on officers (2,500)

Utilities (15,000)

Loss on sale of investments (6,000)

On January 1, 2021, the partners' capital accounts equaled $93,000 each. No additional capital contributions were made in 2021, and each partner made cash withdrawals of $85,000 during the year. David is the active manager of the business. The other partners are passive investors that do not participate in the LLC activity at all.

The partnerships balance sheet prepared on the book (GAAP) basis as of December 31, 2021 is as follows:

Beginning Ending

Cash $ 46,000 $ ?

Tax-exempt securities 70,000 70,000

Marketable securities 130,000 76,000

Machinery 170,000 200,000

Accumulated depreciation (36,000) (48,000)

Total assets $380,000 ?

Accounts payable $25,000 $32,000

Notes Payable 76,000 90,000

Capital, David 93,000 ?

Capital, Tony 93,000 ?

Capital, Mike 93,000 ?

Total liabilities and capital $380,000 ?

Use the cash account as a plug figure to make the equation balance.

The note payable is a nonrecourse loan on property the partnership purchased. All the partners are responsible for the accounts payable. The partnership has no foreign bank accounts or foreign operations. It is not publicly traded. David is the designated partnership representative. It has not made a Section 754 election and did not distribute property other than cash this year.

Question: compute ending cash and ending capital on the balance sheet.