The partnership agreement of Axel, Berg \& Cobb provides for the year-end allocation of net income in the following order: - First, Axel is to receive 10% of net income up to $100,000 and 20% over $100,000. - Second, Berg and Cobb each are to receive 5% of the remaining income over $150,000. - The balance of income is to be allocated equally among the three partners. The partnership's net income was $250,000 before any allocations to partners. What amount should be allocated to Axel? $101,000$103,000$108,000$110,000