Beau Dawson and Willow Macdonald formed a partnership, investing $276,000 and $92,000, respectively. Determine their participation in the year’s net income of $380,000 under each of the following independent assumptions: 

(a) No agreement concerning division of net income;

(b) Divided in the ratio of original capital investment;  

(c) Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3; 

(d) Salary allowances of $47,000 and $59,000, respectively, and the balance divided equally;  

(e) Allowance of interest at the rate of 5% on original investments, salary allowances of $47,000 and $59,000, respectively, and the remainder divided equally.