Han Lee and Monica Andrews formed a partnership, dividing income as follows:
1. Annual salary allowance to Lee of $32,000.
2. Interest of 4% on each partner's capital balance on January 1.
3. Any remaining net income divided to Lee and Andrews, 2:1.
Lee and Andrews had $80,000 and $150,000, respectively, in their January 1 capital balances.
Net income for the year was $64,000.
How much net income should be distributed to Lee and Andrews?