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3. Jen und Smith form a pertoarehte vith faveeteente of $20,000 and $40,000 reopactively. Botermine choir participation in net Incene of $24,000 for the

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3. Jen und Smith form a pertoarehte vith faveeteente of $20,000 and $40,000 reopactively. Botermine choir participation in net Incene of $24,000 for the year under each of the following assumptions: a) no agreement concerning division of incone b) c) d) income divided in the ratio of their original capital investments interest at the rate of 51 allowed on original investments and the balance divided in the ratte of 211.. allowance of interest at the rate of 5% on original investmente, salary allowances of $10,000 and $5,000 respectively, and the balance divided equally. Jones A) b) 25 d) b) e) d) Smith

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