A partnership begins its first year with the following capital balances: 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 begining 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 Net Income is $60,000 and the partners withdraw the maximum amount they are allowed in the year. After the allocation of interest and salary, how much of the net income is left to allocate to the partners