Dividing Partnership Income

Beau Dawson and Willow McDonald formed a partnership, investing $$72,500$ and $$217,500,$ respectively.

Determine their participation in the year's net income of $$108,000$ 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 $$36,000$ and $$45,000,$ respectively, and the balance divided equally.

e$.$ Allowance of interest at the rate of $6\%$ on original investments, salary allowances of $$36,000$ and $$45,000,$ respectively,

and the remainder divided equally.

Dawson

a$.$

b$.$

c$.$

d$.$

e$.$

McDonald

$

$

$

$

$