Essay
C,D,and E are partners.C has $25,000 in her capital account.D has $35,000 in hers,and E has $45,000.Each gets a salary allowance of $15,000.C gets 10% interest on the beginning balance in the capital account,D gets 12%,and E gets 14%.The remainder is divided 20% to C,35% to E,and 45% to E.What is the balance in the capital account at the end of the year if net income was $80,000?
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