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Steve Queen and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Queen of $177,480. Interest of 6% on each partner's

Steve Queen and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Queen of $177,480. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Poodle, 1:2. Queen and Poodle had $81,000 and $117,000, respectively, in their January 1 capital balances. Net income for the year was $306,000. Required: How much net income should be distributed to Queen and Poodle? Queen: $fill in the blank 1 Poodle: $fill in the blank 2

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