Emmett and Sierra formed a partnership dividing income as follows: 1. Annual salary allowance to Emmett of $38,100 2. Interest of 8% on each partner's capital balance on January 1 3. Any remaining net income divided equally. Emmett and Sierra had $29,800 and $143,600, respectively in their January 1 capital balances. Net income for the year was $236,600. How much net income should be distributed to Emmett