Steve wishes to pass his business on to his children, Tracy and Vicki, and gives each daughter a 20% partnership interest to begin getting them involved. Steve retains the remaining 60% interest. Neither daughter is employed by the partnership, which buys and manages real estate. Steve draws only a $40,000 guaranteed payment for his work for the partnership. Reasonable compensation for his services would be $70,000. The partnership reports ordinary income of $120,000 after deducting the guaranteed payment. Distributive shares for the three partners are tentatively reported as: Steve, $72,000; Tracy, $24,000; and Vicki $24,000. What is the proper distributive share of income for each partner? Why?