Jeff is a retire accountant, his wife Sue is a retired teacher. Both wish to remain active and invest in a gift shop managed by daughter Betty. They form a partnership of the three called Betty's Gift Shop. Jeff and Sue contribute $100,000 each to purchase the shop and trading stock totalling $200,000. Partnership agreement provides the following Jeff and Sue receive interest at the rate of 8% pa on their capital contribution of $100,000 each Betty receives a salary of $65,000 as well as superannuation of $15,000 All profits and losses are shared equally between the three partners Accounts for year ending 30 June 2024 show the following Sales ex GST - $568,000 COGS - $230,000 Interest on capital paid to Jeff & Sue - $16,000 Salary to Betty - $65,000 Superannuation to Betty- $15,000 Other operating expenses all deductible ex GST - $28,000 Calculate the net income of the partnership. Show the distribution of income to each partner