Dahl and Westhoff have decided to form a partnership. They have agreed that Dahl is to invest $198,000 and that Westhoff is to invest $66,000. Dahl is to devote one-half time to the business, and Westhoff is to devote full time. The following plans for the division of income are being considered: a. Equal division. b. In the ratio of original investments. c. In the ratio of time devoted to the business. d. Interest of 5% on original investments and the remainder equally. e. Interest of 5% on original investments, salary allowances of $55,000 to Dahl and $80,000 to Westhoff, and the remainder equally. f. Plan (e), except that Westhoff is also to be allowed a bonus of $25,000 if net income exceeds $100,000. Required: For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $160,000 and (2) net income of $245,000. Round answers to the nearest