Farmer and Taylor formed a partnership with capital contributions of $285,000 and $335,000, respectively. Their partnership agreement calls for Farmer to receive a $87,000 per year salary. The remaining income or loss is to be divided equally. If the net income for the current year is $237,000, then Farmer and Taylor's respective shares are:

.Multiple Choice

• $158,000; $79,000.

• $130,000; $5,000.

• $162,000; $162,000.

• $162,000; $75,000.

• $118,500; $118,500.