Emmett and Sierra formed a partnership dividing income as follows: Annual salary allowance to Emmett of $40,200 Interest of 8% on each partner's capital balance on January 1 Any remaining net income divided equally. Emmett and Sierra had $32,600 and $132,300, respectively in their January 1 capital balances. Net income for the year was $213,500. How much net income should be distributed to Emmett? $fill in the blank