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Emerson and Dakota formed a partnership dividing income as follows: 1. Annual salary allowance to Emerson of $38,400 2. Interest of 10% on each

Emerson and Dakota formed a partnership dividing income as follows: 1. Annual salary allowance to Emerson of $38,400 2. Interest of 10% on each partner's capital balance on January 1 3. Any remaining net income divided equally. Emerson and Dakota had $24,000 and $128,800, respectively, in their January 1 capital balances. Net income for the year was $232,800. How much net income should be distributed to Dakota?

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