Dividing Partnership Net Income Steve Queen and Chelsy Stevens formed a partnership, dividing income as follows: 1. Annual salary allowance to Queen of $111,150. 2. Interest of 5% on each partner's capital balance on January 1 . 3. Any remaining net income divided to Queen and Stevens, 1:2. Queen and Stevens had $63,000 and $99,000, respectively, in their January 1 capital balances. Net income for the year was $195,000. How much net income should be distributed to Queen and Stevens? Queen: $ Stevens: $