McGill and Smyth have capital balances on January 1 of $48,000and $44,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of $15,000for McGill and $15,000for Smyth, (2) interest at10% on beginning capital balances, and (3) remaining income or loss to be shared60% by McGill and40% by Smyth.

(1)

SHOW A schedule showing the distribution of net income, assuming net income is $81,000