Partnership income allocation:

Benoit, Cedric and Dorian are partners in BCD Associates. The partnership agreement provides that income be allocated in the following manner:

1. Each partner receives interest of 15% of beginning capital.
2. Benoit receives an annual salary of $75,000 and Cedric receives an annual salary of $60,000.
3. Dorian receives a bonus of 20% of partnership income after deducting interest, salaries and bonus.
4. Any remaining income is shared in a 2:4:4 ratio.
5. All provisions are to be fully implemented.

The partnership income for the year was $300,000. Beginning capital balances are: Benoit $330,000; Cedric $150,000; Dorian $95,000.

Required:

Determine the allocation of partnership income among the partners.