Dividing Partnership Net Income poc Required: gnm r.... Steve Queen and Chelsy Poodle formed a partnership, dividing income as follows: 1. Annual salary allowance to Queen of $153, 120. 2. Interest of 7% on each partner's capital balance on January 1. 3. Any remaining net income divided to Queen and Poodle, 1:2. Queen and Poodle had $66,000 and $105,000, respectively, in their January 1 capital balances. Net income for the year was $264,000. How much is distributed to Queen and Poodle? gnm Note: Compute partnership share. Queen: $ Poodle: $ gnmm r...F