Candace Hassell and Abby Lawson formed a partnership, investing $477,000 and $159,000, respectively. Determine their participation in the year's net income of $294,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 18% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $101,000 and $139,000, respectively, and the balance divided equally. Allowance of interest at the rate of 18%pn original investments, salary allowances of $101,000 and $139,000, respectively, and the remainder divided equally. Set up a column for each partner and a total column. Determine the distribution of income and losses in the absence of a partnership agreement. Use the ratio of the partner's original capital investment to distribute the net income