Cox, North, and Lee forma partnership Cox contributes $204,000, North contributes $170.000, and Lee contributes $306,000. 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 $154,800 for its first year, what amount of income is credited to North's capital account? Multiple Choice 548 200 $51.600 $50 240 555 360 000