Dividing Partnership Net Income

Required:

Steve King and Chelsy Bernard formed a partnership, dividing income as follows:

Annual salary allowance to King of $109,150.

Interest of 6% on each partner's capital balance on January 1.

Any remaining net income divided to King and Bernard, 1:2.

King and Bernard had $83,120 and $105,080, respectively, in their January 1 capital balances. Net income for the year was $185,000. How much is distributed to King and Bernard?

Note: Compute partnership share to two decimal places. Round final answers to the nearest whole dollar. King: $ Bernard: $