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Dividing Partnership Net Income

Steve King and Chelsy Stevens formed a partnership, dividing income as follows:

Annual salary allowance to Stevens of $161,820.

Interest of 5% on each partner's capital balance on January 1.

Any remaining net income divided to King and Stevens, 1:2.

King and Stevens had $99,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $279,000.

Required:

How much net income should be distributed to King and Stevens?