ividing Partnership Net Income Required: Steve Conyers and Chelsy Dane formed a partnership, dividing income as follows: 1. Annual salary allowance to Conyers of $110,880. 2. Interest of 5% on each partner's capital balance on January 1. 3. Any remaining net income divided to Conyers and Dane, 1:2. Conyers and Dane had $99,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $198,000. How much is Histributed to Conyers and Dane? Note: Compute partnership share. Conyers: $ pane: $