Shelby and Mortonson formed a partnership with capital contributions of $230,000 and $330,000, respectively. Their partnership agreement calls for Shelby to receive a $53,000 per year salary. Also, each partner is to receive an interest allowance equal to 8% of a partner's beginning capital investments. The remaining income or loss is to be divided equally. If the net income for the current year is $115,000, then Shelby and Mortonson's respective shares are: