Question: Please I need the answer to the following question in less than half an hour. Thank you very much for your assistance and enjoy your
Please I need the answer to the following question in less than half an hour. Thank you very much for your assistance and enjoy your weekend.

A partnership begins its first year of operations in the following capital balances: Allen, Capital (30% of gains and losses).............. ...$60,000 Burns, Capital (20% of gains and losses).......... ... .........$30,000 Claud, Capital (50% of gains and losses).... ..........$90,000 Each partner is allocated interest equal to 10% of the beginning capital balance. Burns is compensated at $5,000 per year. The net income of the year is $25,000. What is the ending capital balance of Burns for the first year? $38,000 $30,000 OOOO $33,400 $38,400
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