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 allocated equally. If the partnership reports income of $184,500 for its first year, what amount of income is credited to Lee's capital account?

Multiple Choice

$51,000.

$61,500.

$65,175.

$58,875.

$60,450.

Cox, North, and Lee form a partnership. Cox contributes $177,000, North contributes $147,500, and Lee contributes $265,500. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $174,000 for its first year, what amount of income is credited to Cox's capital account? (Do not round your intermediate calculations.)

Multiple Choice

$59,700.

$52,200.

$78,300.

$58,000.

$43,500.