Dividing Partnership Net Income Steve Prince and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allowance to Stevens of $116,580. Interest of 5% on each partner's capital balance on January 1. Any remaining net income divided to Prince and Stevens, 1:2. Prince and Stevens had $84,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $201,000. Required: How much net income should be distributed to Prince and Stevens? Prince:

$fill in the blank 1

Stevens: $fill in the blank 2