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What eliza capital account balance at the end of the year is

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Problem 1: Carla and Eliza share income equally. For the current year, the partnership net income is $40,000. Carla made withdrawals of $12,000, and Eliza made withdrawals of $21,000. At the beginning of the year, the capital account balances were: Carla, Capital, $42,000; Eliza, Capital, $55,000. Eliza's capital account balance at the end of the year is:

Option a. $34,000.

Option b. $78,000.

Option c. $54,000.

Option d. $75,000.

 

Reference no: EM132611966

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