Sofia and Rita are close friends and partners in R&S Accounting. On 1/1/2020, their capital balances were: $ 110,000, and $ 92,000 respectively. They share income as follows: Salaries to Sofia $ 30,000, and Rita $ 24,000, interest on beginning capitals of 10% to both, and the remaining in a ratio of 50% : 50% respectively.

After closing both revenues and expenses for 2020, the income summary account shows a debit balance of $ 12,000. Also during the year, Rita withdrew $ 3,500 for personal reasons.

What is the ending capital balance for Rita, on 31 December 2020?