Dividing Partnership Income Candace Hassell and Abby Lawson formed a partnership, investing $288,000 and $192,000, respectively. Determine their participation in the year's net income of $312,000 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 15% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $76,000 and $104,000, respectively, and the balance divided equally. Allowance of interest at the rate of 15% on original investments, salary allowances of $76,000 and $104,000, respectively, and the remainder divided equally. Hassell Lawson