Question: DO NOT USE CHATGBT PLEASE. IF YOU DO PLEASE SKIP THIS BECAUSE YOU GET IT WRONG MORE TIMES THAN RIGHT. THANK YOU Dividing Partnership Net

DO NOT USE CHATGBT PLEASE. IF YOU DO PLEASE SKIP THIS BECAUSE YOU GET IT WRONG MORE TIMES THAN RIGHT. THANK YOU

Dividing Partnership Net Income Steve Jack and Chelsy Poodle formed a partnership, dividing income as follows: 1. Annual salary allowance to Jack of $97,440. 2. Interest of 6% on each partner's capital balance on January 1 . 3. Any remaining net income divided to Jack and Poodle, 1:2. Jack and Poodle had $75,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $168,000. Required: How much net income should be distributed to Jack and Poodle? Jack: Poodle: $

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