Russ Booth, Marcus Phillips, and Antonio Edwards form Cousins Home Repair, a partnership. The partners make the following initial cash investments to fund the partnership: Booth $5,500, Phillips $7,500, and Edwards $7,000. These cash investments form the basis for the percent of ownership and the distribution of Net Income among the partners. Net Income for Cousins Home Repair is $12,000. Booths portion of the Net Income is:

A.$3,000

B.$3,300

C.$3,500

D.$3,650