The net income agreement for Crosby and stills states net income and net loss shall be divided in a ratio of beginning capital balances. The net loss for the current year is $50,000. On January 1 of the current year the capital balances were as follows: Crosby, $55,000 and Stills, $65000. During the current year Crosby withdrew $40,000 and stills withdrew $25000. Compute the capital balances as of December 31 of the current year.