Using your answer from Concept Check 4, how much more income is to be distributed to the partners (assume each shares equally) after the salary and interest allowances? If net income was $16,700, how much would the partners share in the deficit?

Data From Concept Check 4:

If the partners in Concept Check 2 have the following agreement, please calculate the total salary and interest allowances:
a. Salary Allowance: Michael, $8,900; Paschalis, $7,800; and Marie, $5,900.
b. 10% interest on capital investments.