Thompson and Smith Partnership earned a net income of $300,000 this period. The partnership agreement states to share profits based on average capital balances at the end of the year. The following information is given to you. Jan. 1 Mr. Thompson has capital of $30,000. On April 1, he invested $40,000 and on October 1, he withdrew $10,000. Mr. Smith had capital of $40,000 on Jan 1st. On June 30th. He withdrew $20,000 and later on October 1st. he invested $30,000 in the business. what is the amount of net income for each partner?