Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $116,000 and $174,000, respectively. Determine their participation in the year's net income of $109,000 under each of the following independent assumptions: No agreement concerning division of net income. 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. Salary allowances of $34,000 and $48,000, respectively, and the balance divided equally. Allowance of interest at the rate of 5% on original investments, salary allowances of $34,000 and $48,000, respectively, and the remainder divided equally.