Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $61,200, Davis contributing $51,000 and Singer contributing $40,800. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $78,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Singer's capital account?

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery