Black and Shannon have decided to form a partnership. They have agreed that Black is to invest $291,000 and that Shannon is to invest $97,000. Black is to devote one-half time to the business, and Shannon 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 d. Interest of 6% on original investments and the remainder equally. e. Interest of 6% on original investments, salary allowances of $55,000 to Black and $75,000 to Shannon, and the remainder equally f. Plan (e), except that Shannon is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances. Required: 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 $225,000. Round answers to the nearest whole dollar. (1) (2) $115,000 $225,000 Plan Black Shannon Black Shannon 57,500 57,500 112,500 112,500 86,250 28,750 168,750 56,250 $ 38,333 79,667 X $ 75,000 $ 150,000 d. $ 63,320 51,6807 118,320 S106,680 $ 53,320 61,680 108,320 116,680 53.320 61.680 x 98.820 126.180 a b. c. e