Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $195,000 and $65,000, respectively. Determine their participation in the year's net income of $285,000 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 6% allowed on original investments and the remainder divided in the ratio of 2:3.

d. Salary allowances of $34,000 and $47,000, respectively, and the balance divided equally.

e. Allowance of interest at the rate of 6% on original investments, salary allowances of $34,000 and $47,000, respectively, and the remainder divided equally.