Dividing Partnership Net Income Required: Steve Jack and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Jack of $145,600. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Jack and Poodle, 1:2. Jack and Poodle had $99,680 and $97,560, respectively, in their January 1 capital balances. Net income for the year was $260,000. How much is distributed to Jack and Poodle? Note: Compute partnership share to two decimal places. Round final answers to the nearest whole dollar. Jack: $ 185,769 Poodle: $ 74,231