Candace Hassell and Abby Lawson formed a partnership, investing $234,000 and $78,000, respectively.

Determine their participation in the year's net income of $372,000 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 18% allowed on original investments and the remainder divided in the ratio of 2:3.

d)Salary allowances of $50,000 and $70,000, respectively, and the balance divided equally.

e)Allowance of interest at the rate of 18% on original investments, salary allowances of $50,000 and $70,000, respectively, and the remainder divided equally.