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Beau Dawson and Willow McDonald formed a partnership, investing $187,500 and $62,500, respectively. Determine their participation in the year's net income of $290,000 under

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Beau Dawson and Willow McDonald formed a partnership, investing $187,500 and $62,500, respectively. Determine their participation in the year's net income of $290,000 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 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $36,000 and $45,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original investments, salary allowances of $36,000 and $45,000, respectively, and the remainder divided equally. Dawson McDonald Dividing Partnership Income a. b. S C. d. 40 S

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