Carl and David have capital balances of $100,000 and $300,000 respectively. Carl devotes full time and David one-half time to the business. Determine the division of $120000 of net income under each of the following assumptions: (a) No agreement as to division of net income. (b) In ratio of capital balances. (c) In ratio of time devoted to business. (d) Interest of 10% on capital balances and remainder in ratio 3:2 (e) Interest of 10% on capital balances, salaries of $45,000 to Carl and $60,000 to David, and the remainder equally