Dividing Partnership Net Income Required: Steve Prince and Chelsy Bernard formed a partnership, dividing income as follows: 1. Annual salary allowance to Prince of $189,390. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Prince and Bernard, 1:2. Prince and Bernard had $99,000 and $99,000, respectively, in their January 1 capital balances. Net income for the year was $321,000. How much is distributed to Prince and Bernard? Note: Compute partnership share. Prince: $ Bernard: $