Dividing Partnership income Beau Dawson and Willow McDonald formed a partnership, Investing $276,000 and $92,000, respectively Determine their participation in the year's net income of $380,000 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 23. d. Salary allowances of $47,000 and $59,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $47,000 and $59,000, respectively, and the remainder divided equally. McDonald Dawson