Dividing An unincorporated business form consisting of two or more persons conducting business as co-owners for profit.Partnership Net Income

John Prado and Ayana Nicks formed a partnership, dividing income as follows:

Annual salary allowance to Prado, $10,000 and Nicks, $28,000.

Interest of 5% on each partner's capital balance on January 1.

Any remaining net income divided equally.

Prado and Nicks had $20,000 and $50,000, respectively, in their January 1 capital balances. Net income for the year was $30,000.

How much net income should be distributed to Prado and Nicks? Prado: $ Nicks: $