Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $70,000 and $210,000, 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 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $38,000 and $49,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original investments, salary allowances of $38,000 and $49,000, respectively, and the remainder divided equally. a. Dawson 150,000 McDonald 150,000