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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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