Calculator Print Item Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $324,000 and $216,000, respectively. Determine their participation in the year's net income of $402,000, 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 15% allowed on original investments and the remainder divided in the ratioof 2:3. d. Salary allowances of $86,000 and $118,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 15% on original investments, salary allowances of $86,000 and $118,000, respectively, and the remainder divided equally Hawes Albright 201,000 V 160,800 v 192,600 X 217,000 V -61,500 x (a) 201,000V (b) 241,200 (c) 128,400 X (d) s 185,000 -61,500 X Feedback oeck My Work Set up a column for each partner and a total column. a. Determine the distribution of income and losses in the absence of a partnership agreement. 0 more Check My Work uses remaining Previous Next