Dividing Partnership Income Candace Hassell and Abby Lawson formed a partnership, investing $417,600 and $278,400, respectively. Determine their participation in the year's net income of $378,000 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 12% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $111,000 and $153,000, respectively, and the balance divided equally. Allowance of interest at the rate of 12% on original investments, salary allowances of $111,000 and $153,000, respectively, and the remainder divided equally.