Dividing Partnership Net Income

Steve King and Chelsy Dane formed a partnership, dividing income as follows:

Annual salary allowance to Dane of $$141,600.$

Interest of $6\%$ on each partner's capital balance on January $1.$

Any remaining net income divided to King and Dane, $1$:$2.$

King and Dane had $$102,000$ and $$87,000,$ respectively, in their January $1$ capital balances. Net income for the year was $$240,000.$

Required:

How much net income should be distributed to King and Dane?

King: $

Dane: $