Dividing Partnership Net Income Steve Conyers and Chelsy Dane formed a partnership, dividing income as follows: 1. Annual salary allowance to Dane of $111,360. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Conyers and Dane, 1:2. Conyers and Dane had $45,000 and $105,000, respectively, in their January 1 capital balances. Net income for the year was $192,000, Required: How much net income should be distributed to Conyers and Dane? Conyers: $ Dane: $