Fred and Dorothy operate an accounting firm as partners. On 1 March 2020, they admitted a new partner into the partnership. The terms of the agreement provided that the profits of the partnership are to be shared equally. The partnerships net income for the year ended 30 June 2020 was $200,000. Fred made a loan of $50,000 to the partnership on 1 May 2020 to fund its working capital. The interest on the loan was 8% per annum. Calculate each partners share of net income from the partnership.