Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to invest $177,000 and that Greene is to Invest $59,000. Morrison is to devote one-half time to the business, and Greene is to devote full time. The following plans for the division of income 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 6% on original Investments and the remainder equally e. Interest of 6% on original investments, salary allowances of $45,000 to Morrison and $75,000 to Greene, and the remainder equally f. Plan (e), except that Greene is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances Required: For each plan, determine the division of the net Income under each of the following assumptions: (1) net income of $115,000 and (2) net income of $225,000. Round answers to the nearest whole dollar. (2) (1) $115,000 $225,000 Plan Morrison Greene Morrison Greene $ a. $ 112,500 57,500 57,500 112,500 $ $ $ $ b. 86,250 28,750 168,750 56,250 $ co 38,333 76,667 75,000 150,000 $ $ $ $ d. 61,040 53,960 116,040 108,960 $ $ $ 48,435 X 66,565 X 101,040 123,960 48,435 X 66,565 x 91,956 X 133,044 X