John Prado and Ayana Nicks formed a partnership, dividing income as follows:

1. Annual salary allowance to Nicks of $38,000.

2. interest of 5% on each partner's capital balance on January 1.

3. Any remaining net income divided equally.

Prado and Nicks had $20,000 and $50,000, respectively, in their January 1 capital balances. Net income for the year was $112,000.

How much net income should be distributed to Nicks?