eBook Show Me How calculator Dividing Partnership Net Income Required: Steve Jack and Chelsy Bernard formed a partnership, dividing income as follows 1. Annual salary allowance to Jack of $141,900. 2. Interest of 7% on each partner's capital balance on January 1. 3. Any remaining net income divided to Jack and Bernard, 1:2. Jack and Bermard had $84,000 and $75,000, respectively, in their January 1 capital bal Note: Compute partnership share. Jack: 182,770 Bernard: s 75,230 respectively, in their January 1 capital balances. Net income for the year was $258,000. How much is distributed to Jack and Bernard