Dividing Partnership Net Income Steve Queen and Chelsy Dane formed a partnership, dividing income as follows: 1. Annual salary allowance to Dane of $145,140. 2. Interest of 6% on each partner's capital balance on January 1 . 3. Any remaining net income divided to Queen and Dane, 1:2. Queen and Dane had $51,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $246,000. Required: How much net income should be distributed to Queen and Dane? Queen: 1 Dane: 1