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Cox, North, and Lee form a partnership. Cox contributes $180,000, North contributes $150,000, and Lee...

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Accounting

Cox, North, and Lee form a partnership. Cox contributes $180,000, North contributes $150,000, and Lee contributes $270,000. 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 $150,000 for its first year, what amount of income is credited to Cox's capital account?

$50,000.

$64,286.

$45,000.

$36,000.

$60,000.

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