Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $367,200 and $244,800, respectively. Determine their participation in the year's net income of $408,000, under each of the following independent assumptions. No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 15% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $96,000 and $132,000, respectively, and the balance divided equally. Allowance of interest at the rate of 15% on original investments, salary allowances of $96,000 and $132,000, respectively, and the remainder divided equally.

Hawes Albright

a) $______ $________

b) $ _______ $______

c) $ _______ $______

d) $ _______ $_____

e) $ ______ $_______