Dividing Partnership Net Income Steve Conyers and Chelsy Stevens formed a partnership, dividing income as follows: 1. Annual salary allowance to Conyers of $102,300. 2. Interest of 7% on each partner's capital balance on January 1. 3. Any remaining net income divided to Conyers and Stevens, 1:2. Conyers and Stevens had $51,000 and $75,000, respectively, in their January 1 capital balances. Net income for the year was $186,000. Required: How much net income should be distributed to Conyers and Stevens? Conyers: $ Stevens: $ x