Dividing Partnership Income Candace Hassell and Abby Lawson formed a partnership, investing $237,600 and $158,400, respectively.

Determine their participation in the year's net income of $306,000 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 10% allowed on original investments and the remainder divided in the ratio of 2:3.

D)Salary allowances of $63,000 and $87,000, respectively, and the balance divided equally.

E)Allowance of interest at the rate of 10% on original investments, salary allowances of $63,000 and $87,000, respectively, and the remainder divided equally.

	Hassell	Lawson
A
B
C
D
E