Cox, North, and Lee form a partnership. Cox contributes $192,000, North contributes $160,000, and Lee contributes $288,000. Their partnership agreement calls for a 6% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $164,400 for its first year, what amount of income is credited to North's capital account? $53,520.

$54,800.

$51,600.

$42,000.

$59,280.