Dividing Partnership Net Income Steve King and Chelsy Poodle formed a partnership, dividing income as follows: 1. Annual salary allowance to Poodle of $182,700. 2. Interest of 7% on each partner's capital balance on January 1. 3. Any remaining net income divided to King and Poodle, 1:2. King and Poodle had $90,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $315,000. Required: How much net income should be distributed to King and Poodle? King: $ Poodle: $