. T & U form a partnership with initial investments of $100,000 and $200,000 respectively. Their agreement calls for a salary to T of $40,000 and a salary to U for $60,000. Each partner is to receive interest of 8% on their initial investment, T is to receive a bonus of 5 % of net income minus bonus and they agree the remaining profit or loss is to be divided 40% and 60 % respectively. If the net income for the period is $130,000 show the distribution to each partner.