Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $58,000 Interest of 8% on each partner's capital balance on January 1 Any remaining net income divided equally. Emerson and Dakota had $25,000 and $140,000 respectively in their January 1 capital balances. Net income for the year was $220,000. How much net income should be distributed to Dakota?