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Franco and Elisa share income equally. During the current year the partnership net income was...

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Accounting

Franco and Elisa share income equally. During the current year the partnership net income was $40,000.

Franco made withdrawals of $12,000 adn Elisa made withdrawals of $17,000.

At the beginning of the year, teh capital account balances were: Franco capital, $40,000; Elisa capital, $58,000.

Franco's capital account balance at teh end of the year is:

74,500

62,500

60,000

48,000

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