Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as follows:

	Cantor	Dickens
As salaries	$40,000	$48,000
As interest on capital at the beginning of the year	10%	10%
Remaining profits or losses	50%	50%

If income for the year was $120,000, what will be the distribution of income to Cantor?

$40,000

$52,000

$64,000

$56,000