Dividing partnership income Dahl and Westhoff have decided to form a parthership. They have agreed that Dahl is to invest $300,000 and that Westholf is to invest 5100,000 , Dahl is to devere onehaif time to the business, and Westhott is to devote full time. The following plans for the division incorre are being considered: a. Equal division. b. In the ratio of original investments. c. In the ratio of time devoted to the business. d. Interest of 5% on original investments and the remainder equaly. e. Interest of 5% on original investments, salary allowances of $50,000 to Dahl and $85,000 to Westhot, and the remainder equally. f. Plan (e), except that Westhert is also to be allowed a bonus of $29,000 if net income exceeds $100,000. Required: For each plan, determine the division of the net income under each of the following assumptions: (1) not income of $169,000 and (2) net income of $230,000. Round