On March $1,$ Eckert and Kelley formed a partnership. Eckert contributed $81,000$ cash, and Kelley contributed land valued at$64,800$ and a building valued at $94,800.$ The partnership also took Kelley's$71,000$ long$-$term note payable associated with the land and building. The partners agreed to share income as follows: Eckert gets an annual salary allowance of $31,000,$ both get an annual interest allowance of $8$