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172,958 and 67042 ARE WRONG ANSWERS AS SEEN BY THE RED X MARK NEXT TO THEM. please help find right answer Dividing Partnership Net Income

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172,958 and 67042 ARE WRONG ANSWERS AS SEEN BY THE RED X MARK NEXT TO THEM. please help find right answer

Dividing Partnership Net Income Required: Steve Prince and Chelsy Boxer formed a partnership, dividing income as follows: 1. Annual salary allowance to Prince of $139,200 2. Interest of 5% on each partner's capital balance on January 1 3. Any remaining net income divided to Prince and Boxer, 1:2. Prince and Boxer had $61,040 and $112,600, respectively, in their January 1 capital balances. Net income for the year was $240,000. How much is distributed to Prince and Boxer? Note: Compute partnership share to two decimal places. Round final answers to the nearest whole dollar. Prince: 172,958x Boxer: $ 67,042 x Feedback Check My Work Set up a column for each partner and a total column. The amount of net income that should be distributed to each partner should include: the partner's salary allowance, the interest on the partner's capital balance, and any remaining income divided based on the partnership agreement. If the net income is less than the total of the salary and interest allowances, then the remaining net income to divide is a negative amount, as though it were a net loss

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