Partners John and Dickens have capital balances in a partnership of $154000 and $238000, respectively. They agree to share profits and losses as follows:

	John	Dickens
As salaries	$39300	$47100
As interest on capital at the beginning of the year	10%	10%
Remaining profits or losses	50%	50%

If income for the year was $111000, what will be the allocation of income to John?

$62800

$39200

$47400

$54700