Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing 187,500 and $62,500 , respectively Determine their participation in the year's net income of $300,000 under each of the following independent assumptions: a. No agreement concerning division of net income b. Divided in the ratio of original capital investment . Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3 d. Salary allowances of $38,000 and $48.000 , respect

Beau Dawson and Willow McDonald formed a partnership, investing $167,500 and $62,500, respectively, Determine their participation in the year's net income of $300.000. 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 593 allowed on original irivestments and the remainder divided in the ratio of 2 -3. d. Salary allowances of 538,000 and 548,000 , respectively, and the balance divided equally. e. Allawance of interest at the rate of 50 eon originai investments, salary allomances of 538,000 and 548,000 , respectively, and the remainden divide