Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $225,000 and $75,000, respectively. Determine their participation in the year's net income of $107,000 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 $38,000 and $49,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $38,000 and $49,000, respectively, and the remainder divided equally. Hawes Albright (a) 53,500 53,500 (b) 23,000 X 69,000 X (c) $137,500 X $137,500 X (d) 100,000 X $ 100,000 X (e) 94,000 X 94,000 X