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Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $ 1 2 0 , 0 0 0 and $ 1 8 0

Dividing Partnership Income
Beau Dawson and Willow McDonald formed a partnership, investing $120,000 and $180,000, respectively.
Determine their participation in the year's net income of $108,000 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 6% allowed on original investments and the remainder divided in the ratio of 2:3.
Salary allowances of $40,000 and $48,000, respectively, and the balance divided equally.
Allowance of interest at the rate of 6% on original investments, salary allowances of $40,000 and $48,000, respectively, and the remainder divided equally.

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