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Dividing Partnership Income Show Me How Show Me How Tyler Hawes and Piper Albright formed a partnership, investing $65,000 and $195,000, respectively. Determine their

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Dividing Partnership Income Show Me How Show Me How Tyler Hawes and Piper Albright formed a partnership, investing $65,000 and $195,000, respectively. Determine their participation in the year's net income of $295,000 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 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $40,000 and $45,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original investments, salary allowances of $40,000 and $45,000, respectively, and the remainder divided equally. (a) (b) Hawes 00000 Albright $ $ (c) (d) $ (e) $

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