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Dividing Partnership Income 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

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Dividing Partnership Income 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 $270,000 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). d. Salary allowances of $34,000 and $49,000, respectively, and the balance divided equally e. Allowance of interest at the rate of 5% on original investments, salary allowances of $34,000 and 549,000, respectively, and the remainder divided equally Hawes Albright (a) 135,000 135,000 (b) 202,500 x 67,500 x (c) 3,250 x 9,750 X (d) (e)

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