Beau Dawson and Willow mcdonald formed a partnership, investing $75,000 and $225,000,

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 5% allowed on original investments and the remainder divided in the ratio of 2:3

d. Salary allowances of $38,000 and $49,000, respectively, and the balance divided equally.

e . Allowance of interest at the rate of 5% on original investments, salary allowances of $38,000 and $49,000, respectively , and the remainder divides equally

Dividing Partnershup income Beau Dawson and Willow McDonald formed a partnership, investing $75,000 and $225,000, 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 5% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $38,000 and $49,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $38,000 and 549,000 , respectively, and the remainder divided