The Partnership Contract for Cole & Dane LLP Provides That

The partnership contract for Cole & Dane LLP provides that Cole is to receive a bonus of 20% of net income (after the bonus) and that the remaining net income is to be divided equally. If the partnership income before the bonus for Year 2006 is $57,600, Cole's share of the pre-bonus income is:

A) $28,800
B) $33,600
C) $34,560
D) $43,200
E) Some other amount