Dividing Partnership Net Income Required: Steve Prince and Chelsy Dane formed a partnership, dividing income as follows: Annual salary allowance to Prince of $162,400. Interest of 7% on each partner's capital balance on January 1. Any remaining net income divided to Prince and Dane, 1:2. Prince and Dane had $61,040 and $75,000, respectively, in their January 1 capital balances. Net income for the year was $290,000. How much is distributed to Prince and Dane? Note: Compute partnership share to two decimal places. Round final answers to the nearest whole dollar. Prince: $ Dane: $