Dividing Partnership Income Jennifer Wyatt and Megan Truett formed a partnership, investing $330,000 and $110,000, respectively. Determine their participation in the year's net income of $420,000 under each of the following independent assumptions: 1.No agreement concerning division of net income. 2.Divided in the ratio of original capital investment. 3.Interest at the rate of 8% allowed on original investments and the remainder divided in the ratio of 2:3. 4.Salary allowances of $50,000 and $70,000, respectively, and the balance divided equally. 5.Allowance of interest at the rate of 8% on original investments, salary allowances of $50,000 and $70,000, respectively, and the remainder divided equally. Wyatt Truett (a) $ 210000 $ 210000 (b) $ 315000 $ (c) $ $ (d) $ $ (e) $ $