Dividing Partnership Net Income

Steve Jack and Chelsy Stevens formed a partnership, dividing income as follows:

Annual salary allowance to Jack of $$118,320.$

Interest of $5\%$ on each partner's capital balance on January $1.$

Any remaining net income divided to Jack and Stevens, $1$:$2.$

Jack and Stevens had $$72,000$ and $$75,000,$ respectively, in their January $1$ capital balances. Net income for the year was $$204,000.$

Required:

How much net income should be distributed to Jack and Stevens?

Jack:

Stevens: