The Muldoon Partnership costs of three partners, Adam, Dawn and Vanderbeck. The partnership agreement provides for annual salaries of $30,000 to Dawn and $40,000 to Vanderbeck. Residual profits are shared in a 3:3:4 ratio respectively. Salaries are to be fully implemented, even if partnership net income is less than total salaries. Assuming that partnership net income is $280,000 , Adams share of net income is?