Dividing Partnership Net Income Steve Queen and Chelsy Boxer formed a partnership, dividing income as follows: 1. Annual salary allowance to Boxer of $156,240. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Queen and Boxer, 1:2. Queen and Boxer had $96,000 and $99,000, respectively, in their January 1 capital balances. Net income for the year was $279,000. Required: How much net income should be distributed to Queen and Boxer? Queen: Boxer: