Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $202,500 and $67,500, respectively....

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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $202,500 and $67,500, respectively. Determine their participation in the year's net income of $290,000 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 $38,000 and $47,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original investments, salary allowances of $38,000 and $47,000, respectively, and the remainder divided equally. Hawes Albright (a) (b) (c) (d) O 00000 Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $202,500 and $67,500, respectively. Determine their participation in the year's net income of $290,000 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 $38,000 and $47,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original investments, salary allowances of $38,000 and $47,000, respectively, and the remainder divided equally. Hawes Albright (a) (b) (c) (d) O 00000