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Fred and Ethel share income equally. During the current year the partnership net income was $40000. Fred made withdrawals of $12000 and Ethel made withdrawals of $17000. At the beginning of the year - the capital account balances were: Fred capital - $42000; Ethel capital - $58000. Fred’s capital account balance at the end of the year is

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Fred and Ethel share income equally. During the current year the partnership net income was $40000. Fred made withdrawals of $12000 and Ethel made withdrawals of $17000. At the beginning of the year - the capital account balances were: Fred capital - $42000; Ethel capital - $58000. Fred’s capital account balance at the end of the year is






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