Cox, North, and Lee form a partnership. Cox contributes $189.000, North contributes $157,500, and Lee contributes $283.500. Their partnership agreement calls for a 5% interest allowance on the partner's capital balances with the remaining income or loss to be located equally the partnership reports income of $160.500 tors first year, what amount of income is credited to North's capital account? Multiple Choice $50,875 $43,000 O $57175 $52.450 $53,500