Emmett and Sierra formed a partnership dividing income as follows: 1. Annual salary allowance to Emmett of $42,500 2. Interest of 8% on each partner's capital balance on January 1 3. Any remaining net income divided equally. Emmett and Sierra had $25,200 and $136,000, respectively in their January 1 capital balances. Net income for the year was $236,300. How much net income should be distributed to Emmett?