A partnership agreement provides an income allocation equal to 20 percent of a partners weighted average capital balance for the year ended December 31, before the yearly income allocation. A partner starts the year with a capital balance of $96,000. Withdrawals during the year are: $18,000 on February 1, $6,000 on April 1, and $27,000 on September 1. The partner invested an additional $42,000 in the partnership on November 1. The amount of interest allocated to the partner for the year is

Select one:

a. $17,000

b. $16,200

c. $14,600

d. $18,300