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Question(s) / Instruction(s):

Regina Harrison is a partner in Pressed for Time. An analysis of Regina Harrison\'s capital account indicates that during the most recent year, she withdrew $20,000 from the partnership.

Her share of the partnership\'s net loss was $16,000 and she made an additional equity contribution of $10,000. Her capital account ended the year at $150,000. What was her capital balance at the beginning of the year?

a)            $176,000

b)            $144,000

c)            $124,000

d)            $134,000

e)            $192,000

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