Apartnership begins its first year with the following capital balance: alfred, capital $50,000 bernard, capital ..60,000 collins, capital ..70,000 the articles of partnership stipulate that profits and losses be assigned in the following manner: each partner is allocated interest equal to 5 percent of the beginning capital balance. bernard is allocated compensation of $18,000 per year. any remaining profits and losses are allocated on a 3-3-4 basis, respectively. each partner is allowed to withdraw up to $5,000 cash per year. assuming that the net income is $60,000 and that each partner withdraws the maximum amount allowed, what is the balance in collins capital account at the end of that year