Dividing Partnership Net Income Required: Steve Queen and Chelsy Bernard formed a partnership, dividing income as follows: 1. Annual salary allowance to Bernard of $113,850. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Queen and Bernard, 1:2. Queen and Bernard had $102,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $207,000. How much is distributed to Queen and Bernard? Note: Compute partnership share. Queen: Bernard: $