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Black and Shannon have decided to form a partnership. They have agreed that Black is to invest $189,000 and that Shannon is to invest $63,000.

Black and Shannon have decided to form a partnership. They have agreed that Black is to invest $189,000 and that Shannon is to invest $63,000. 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: Equal division. In the ratio of original investments. In the ratio of time devoted to the business. Interest of 5% on original investments and the remainder equally.

For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $154,000 and (2) net income of $235,000. Round answers to the nearest whole dollar.

(1) (2)
$154,000 $235,000
Plan Black Shannon Black Shannon
a. $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4
b. $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8
c. $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12
d. $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 $fill in the blank 16
e. $fill in the blank 17 $fill in the blank 18 $fill in the blank 19 $fill in the blank 20
f. $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 $fill in the blank 24

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