Nick and Sue are partners sharing profits and losses equally in Program, a resident business partnership. Nick contributed capital of $200,000 to the partnership and he receives interest on capital of $10,000 per year. Sue operates the business and receives a salary of $50,000 per year. Both Nick and Sue are Australian residents for tax purposes in 2019/20. The accounts of the partnership for the 2020 income year contain the following information: Business income (all assessable): $400,000 Business expenses (all allowable deductions) $280,000 Interest paid on capital (Nick) $10,000 Salary paid to Sue $50,000 a) Calculate the section 90 (ITAA36) partnership net income for the 2019/20 income year. b) Determine the share of the partnership net income (or net loss) that should be included in the personal tax returns of Nick and Sue according to section 92 (ITAA 36).