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Stolton and Bright are partners in a business they started two years ago. The partnership agreement states that Stolton should receive a salary allowance of

Stolton and Bright are partners in a business they started two years ago. The partnership agreement states that Stolton should receive a salary allowance of $12,900 and that Bright should receive a $23,400 salary allowance. Any remaining income or loss is to be shared equally.
Determine each partner's share of the current year's net income of $53,500.
Note: Enter all allowances as positive values. Enter losses, if any, as negative values.
\table[[Allocation of Partnership Income],[,Stolton,Bright,Total],[Net income,,,,53,500],[Salary allowances,,:',,],[Balance of income],[Balance allocated equally,F,,],[Balance of income],[Shares of the partners,,,,]]
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