Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $217,500 and $72,500, respectively. Determine their participation in the year's net income of $110,000 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 2:2. d. Salary allowances of $36,000 and $45,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $36,000 and $45,000, respectively, and the remainder divided equally. Hawes Albright (a) 55,000 55,000 (b) 82,500 27,500 (c) 10,875 X 3,625 X (d) 36,000 X $ 45,000 X (e) 7,250 X $ 7,250 X Feedback Check My Work Set up a column for each partner and a total column