Annie and Brad are partners in the A&B Accounting Practice, located in Hawthorn. The partnership's accounting profit for the year ending 30 June 2020 was $150,000 after the following items were expensed: Interest paid on an advance from Brad Salary paid to Annie $21,000 $5,000 The partnership agreement provides that the partners are share profits and losses equally after allowing for salaries and interest on partners' capital accounts. Required: a) Calculate the net income of the partnership for the year ending 30 June 2020 as defined section 90 of the Income Tax Assessment Act 1936. b) Prepare a statement showing the distribution of the net income of the partnership to each partner for the year ending 30 June 2020. Cite relevant legislation to support of your answer.