Cody Paulson and Hannah O'Brien formed a partnership, dividing income as follows:1. Annual salary allowance to Paulson of $26,000.00. (2). Interest of 5% on each partner's capital balance on January 1. (3). Any remaining net income divided to Paulson and O'Brien, 2:1. Paulson and O'Brien has $50,000.00 and $120,000.00, respectively, in their January 1 capital balances. Net income for the year was $33,000.00. How much net income should be distributed to Paulson? (Please work out the problem)