The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequence:

• Jones, the managing partner, receives a bonus equal to 20 percent of the businesss profit.
• Each partner receives 16 percent interest on average capital investment.
• Any residual profit or loss is divided equally.

The average capital investments for 2021 were as follows:

Jones	$	165,000
King		330,000
Lane		495,000

The partnership earned $75,000 net income for 2021. Prepare a schedule showing how the 2021 net income should be allocated to the partners. (Loss amounts should be indicated with a minus sign.)