Mary, Huda and Louisa have a partnership agreement which includes the following provisions regarding sharing net income or net loss: 1. A salary allowance of $12,000 to Mary, $ 14,000 to Huda and $16,000 to Louisa. 2. An interest allowance of 15% on capital balances at the beginning of the year. 3. The remainder to be divided 15 % to Mary, 35% to Huda and 50 % to Louisa. The capital balance on January 1, 2019, for Mary, Huda and Louisa was $70,00, $ 80,000 and $100,000, respectively. During 2019, the Partnership had Net Income $60,000. Instructions Determine the amount of net income allocated to each partner