Serena, Tom and Louis formed a partnership on January 1, 2020, with investments of $130,000, $160,000, and $205,000, respectively. For division of income, they agreed to

(1) interest of 10% of the beginning capital balance each year,

(2) annual compensation of $15,000 to Tom, and

(3) sharing the remainder of the income or loss in a ratio of 20% for Serena, and 40% each for Tom and Louis.

Net income was $140,000 in 2020. Each partner withdrew $1,000 for personal use every month during the year.

What was Toms 2020 ending capital balance? Show and label all work.