Ahmed and Sayed are partners in A & S Partnership. Ahmed invests $250,000 and Sayed invests $450,000. They agree to grant salary allowance of $ 40,000 to Ahmed and $ 60,000 to Sayed ; an 8% allowance on beginning capital balances and to share any remaining income or loss equally. A & S partnership reports net income of $190,000 for this year. Required : Allocate the net income between the partners . PLEASE SHOW THE CALCULATION FOR EACH PARTNER IN A SEPARATE LINE