Rodgers and Winter had capital balances of $60,000 and $90,000, respectively, at the beginning of the current fiscal year. The articles of partnership provide for salary allowances of $25,000 and $30,000, respectively; an allowance of interest at 12% on the capital balances at the beginning of the year; and the remaining net income divided equally. Net income for the current year was $110,000.

Present the Division of net income section of the income statement for the current year.

Assuming that the net income had been $65,000 instead of $110,000, present the Division of net income section of the income statement for the current year.