Robert and Matthew have a partnership agreement which includes the following provisions regarding sharing net income or net loss:

A salary allowance of $$47,600$ to Robert and $$36,400$ to Matthew.

An interest allowance of $10\%$ on capital balances at the beginning of the year.

The remainder to be divided $70\%$ to Robert and $30\%$ to Matthew.

The capital balance on January $1,2020,$ for Robert and Matthew was $$99,000$ and $$135,000,$ respectively. During $2020,$ the Robert and Matthew Partnership had sales of $$496,000,$ cost of goods sold of $$285,000,$ and operating expenses of $$84,000.$

Prepare an income statement for the Robert and Matthew Partnership for the year ended December $31,2020.$ As a part of the income statement, include a Division of Net Income to each of the partners.