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 $$270,000$ 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 $5\%$ allowed on original investments and the remainder divided in the ratio of $2$:$3.$

d$.$ Salary allowances of $$36,000$ and $$47,000,$ respectively, and the balance divided equally.

e$.$ Allowance of interest at the rate of $5\%$ on original investments, salary allowances of $$36,000$ and $$47,000,$ respectively, and the remainder divided equally.

Dawson McDonald

a$.$ $fill in the blank $1$

$135,000$

$fill in the blank $2$

$135,000$

b$.$ $fill in the blank $3$

$fill in the blank $4$

c$.$ $fill in the blank $5$

$fill in the blank $6$

d$.$ $fill in the blank $7$

$fill in the blank $8$

e$.$ $fill in the blank $9$

$fill in the blank $10$