A Moving to another question will save this response. Question 1 Question A partnership begins its first year with the following capital balances 3 points Alexia Bernard Cecelia $50,000 60,000 70,000 The articles of partnership stipulate that profits and losses be assigned in the following manner Each partner is allocated interest equal to 5 percent of the beginning capital balance Bernard is allocated compensation of $18,000 per year Any remaining profits and losses are allocated on a 3.3.4 basis, respectively . Each partner is allowed to withdraw up to $6,000 cash per year. Assuming that the net income is 560,000 and that each partner withdraws the maximum amount allowed, what is the balance in Cecelia's capital account at the end of the year $70.800 573,500 O S80.700 586,700 Moving to another question will save this response Question to DOLL