Emerson and Dakota formed a partnership dividing income as follows: 1. Annual salary allowance to Emerson of $42,000 2. Interest of 10% on each partner's capital balance on January 1 3. Any remaining net income divided equally. Emerson and Dakota had $26,400 and $132,000, respectively, in their January 1 capital balances. Net income for the year was $226,000. How much net income should be distributed to Dakota? Previous Next> All work saved Email Instructor Submit Test for Grading A 400 TF 3:34 PM 12/11/20