Dividing Partnership Net Income Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows: 1. Annual salary allowance to Poodle of $157,320. 2. Interest of 7% on each partner's capital balance on January 1. 3. Any remaining net income divided to Conyers and Poodle, 1:2. Conyers and Poodle had $102,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $276,000. Required: How much net income should be distributed to Conyers and Poodle? Conyers: $ Poodle: $