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Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $ 4 1 , 6 0 0 Interest of

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Emerson and Dakota formed a partnership dividing income as follows:
Annual salary allowance to Emerson of $41,600
Interest of 10% on each partner's capital balance on January 1
Any remaining net income divided equally.
Emerson and Dakota had $30,000 and $136,000, respectively, in their January 1 capital balances. Net income for the year was $211,200.
How much net income should be distributed to Dakota?
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