eBook Show Me How Print Item Dividing Partnership Net Income Required: Steve Prince and Chelsy Dane formed a partnership, dividing income as follows: 1. Annual salary allowance to Prince of $104,500. 2. Interest of 5% on each partner's capital balance on January 1. 3. Any remaining net income divided to Prince and Dane, 1:2. Prince and Dane had $88,640 and $105,080, respectively, in their January 1 capital balances. Net income for the year was $190,000. How much is distributed to Prince and Dane? Note: Compute partnership share to two decimal places. Round final answers to the nearest whole dollar. Prince Dane: 1152 AM rP _ d 2/20/2018 ENG