Cox, North, and Lee form a partnership. Cox contributes $180,000, North contributes $150,000, and Lee contributes $270,000. Their partnership agreement calls for a 5% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $168,000 for its first year, what amount of income is credited to North's capital account?

$53,500

$56,000.

$46,000.

$55,000.

$59,500.