XY partnership has earned net income of $90,000 in 2019. X began the year with a capital balance of $300,000. Y began the year with a capital balance of $150,000. On April 1, X invested an additional $60,000 into the partnership. On September 1, Y invested an additional $22,500 into the partnership. X and Y have agreed to distribute partnership net income according to the following plan:

	X	Y
Interest on average capital balances	5%	6%
Bonus on net income before the bonus but after interest
on average capital balances	8%
Salaries	$20,000	$38,000
Residual (if positive)	70%	30%
Residual (if negative)	50%	50%

Required: Prepare a schedule that discloses the distribution of partnership net income for 2019. Show supporting computations in good form.