Beau Dawson and Willow McDonald formed a partnership, investing $96,000 and $144,000, 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 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $36,000 and $50,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original investments, salary allowances of $36,000 and $50,000, respectively, and the remainder divided equally.

	Dawson	McDonald
a.	$fill in the blank 1	$fill in the blank 2
b.	$fill in the blank 3	$fill in the blank 4
c.	$fill in the blank 5	$fill in the blank 6
d.	$fill in the blank 7	$fill in the blank 8
e.	$fill in the blank 9	$fill in the blank 10

Lynn Carpenter and Matthew Fredrick formed a partnership in which the partnership agreement provided for salary allowances of $50,000 and $44,000, respectively.

Determine the division of a $25,000 net loss for the current year, assuming that remaining income or losses are shared equally by the two partners. Use the minus sign to indicate any deductions or deficiencies.

	Lynn Carpenter		Matthew Fredrick		Total
Salary Allowance	$fill in the blank 1		$fill in the blank 2		$fill in the blank 3
Remainder	$fill in the blank 4		$fill in the blank 5		$fill in the blank 6
Net Loss	$fill in the blank 7		$fill in the blank 8		$fill in the blank 9