The following information is available for the X and Y Partnership:

i.X and Y began the year with a capital balance of $40,000 and $100,000,respectively.

ii. On May 1,Y invested an additional $30,000 into the partnership.

iii.On October 1,each partner withdrew $20,000 in anticipation of partnership net income.

Assume that net income for the year is $80,000 and was allocated to X and Yin the ratio of 3:5. How much is the capital balance at the end of the year for

Y?