Dividing Partnership Net Income

Required:

Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows:

1. Annual salary allowance to Poodle of $112,860.
2. Interest of 6% on each partner's capital balance on January 1.
3. Any remaining net income divided to Conyers and Poodle, 1:2.

Conyers and Poodle had $93,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $198,000. How much is distributed to Conyers and Poodle?

Note: Compute partnership share. Conyers: $fill in the blank 1 Poodle: $fill in the blank 2