Cox, North, and Lee form a partnership. Cox contributes $204,000, North contributes $170,000, and Lee contributes $306,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $183,000 for its first year, what amount of income is credited to Lee's capital account? (Do not round your intermediate calculations.)
A. $62,400.
B. $45,750.
C. $61,000.
D. $54,900.
E. $82,350.
Answer: E
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