Dividing partnership income

Carmelo Fernandez and Bobby Morett formed a partnership, investing $$75,000$ and $$225,000,$ respectively.

Determine their participation in the year's net income of $$300,000$ 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 $$38,000$ and $$47,000,$ respectively, and the balance divided equally.

e$.$ Allowance of interest at the rate of $5\%$ on original investments, salary allowances of $$38,000$ and $$47,000,$ respectively, and the remainder divided equally.

Fernandez

a$.$

b$.$ $

c$.$ $

d$.$ $

e$.$ $

Morett

$

$$225,000$

$

$

$