On January $1,2023,$ Batman and Superman formed Justice League Departmental Store with capital investments of $$450,000$ and $$350,000,$ respectively. The partnership agreement provides that profits are to be allocated as follows:

Annual salaries of $$22,000$ and $$36,000$ are granted to Batman and Superman, respectively.

Batman is entitled to a bonus of $10\%$ of net income after salaries and bonus but before interest on capital investments is subtracted.

Each partner is to receive an interest credit of $5\%$ on the original capital investment. The remaining profits are allocated $50\%$ to Superman and $50\%$ to Batman.

On December $31,2023,$ the partnership reported net income before salaries, interest, and bonus of $$315,000.$

Requirements

Calculate the allocation of Partnership Bonus.

Calculate the allocation of partnership Profit.