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Black and Shannon have decided to form a partrership. They have agreed that Biack is to invest 5183,000 and that Shannon is to invest 561,000

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Black and Shannon have decided to form a partrership. They have agreed that Biack is to invest 5183,000 and that Shannon is to invest 561,000 . Black is to devote one: haif time to the business, and Shannon is to devote full time. The following plans for be division of income are being consisered: a. Equal division. b. In the ratio of onginal imvestments. c. In the ratio of time devoted to the business. d. Interest of 6% on orloinat livestments and the remoinder equaly e. Interest of 6% en original investments, salary allowances of $60,000 to alack and $70,000 to shannon, and the remainder equally. f. Plan (e), except that Shannen is also to be atowed a bonus equal to 20% of the amount by which net income exceeds the total salary alowances. Required: For each plan, determine the divison of the net income under each of the following assumetions: (1) net income of $124,000 and (2) net income of $205,000. Round answers to the nearest whole dellar

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