Jay-Z and Diddy form a partnership. The partnership agreement calls for a 5% return on invested assets and a distribution of net income in the ratio of 1:2. If Jay-Z has $560,000 in assets invested in the partnership, and Diddy has $400,000 invested in the partnership, and net income is $207,000, what is the distribution of partnership income?
_______________________Jay-Z Diddy
Interest Allowance
Remaining Income ..........______..............______
Net Income