65% 9:37 PM Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to invest $150,000 and that Greene is to invest $50,000. Morrison is to devote one-half time to the business, and Greene is to devote full time. The following plans for the division of income are being considered: a. Equal division. b. in the ratio of original investments c. In the ratio of time devoted to the business Interest of 6% on original investments and the remainder equally e. Interest of 6% on original investments, salary allowances of $40,000 to Morrison and $70,000 to Greene, and the remainder equally f Plan (e), except that Greene is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances equired For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $115,000 and (2) net income of $200,000. Round answers to the nearest whole dollar $115,000 $200,000 Plan Morrison a. $ -57,500.00) v s -57,500.00v 100,000.00|N s(100 b 86,250.00 28,750,00150,000.00 50 Greene Morrison 57,500.00 V 57,500.00 V 100,000.00 V $ 100