On January 1, 2020 Alex, Rodney, and Sean began the SKY Partnership by making capital contributions of $77,400, $301,000, and $481,600, respectively. On December 31, 2020 the partnership had annual partnership net income of $508,500. The partners will share the net income by giving salary allowances of $84,400 to Alex$63,300 to Rodney, and $95,500 to Sean interest allowances of 10% on their initial capital investments; and the balance shared as follows: 20% to Alex, 40% to Rodney, and 40% to Sean. Required: Use the table to show how to distribute the net income to the three partners. (Do not round intermediate calculations.) Income (Los) Sharing Plan Alex Rodney Bean Total $ 508,500 0 0 Net Income (loss) Salary allowances Balance of income (los) Interest allowances Balance of income (los) Balance allocated Balance of income (los) Shares of the partners 0 $ Ols 0 0 0 $ 0 $