Alfred Hurley and Thomas Estes are partners who share profits and losses in the ratio of 70 to 30 percent, respectively. Their partnership agreement provides that each will be paid a yearly salary of $188,000. The salaries were paid to the partners during 2019 and were charged to the partners’ drawing accounts. The Income Summary account has a credit balance of $170,400 after revenue and expense accounts are closed at the end of the year. What amount of net income or net loss will be allocated to each?