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How much is Drakes ending capital balance

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Question - On January 1, Drake and Potter create partnership by investing $10,000 each and agreeing to share income and losses equally. During the year, Drake withdraws $3,000 and Potter withdraws $5,000. Net income is $30,000. How much is Drake's ending capital balance?

a. $28,000

b. $37,000

c. $42,000

d. $22,000

Reference no: EM132549169

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