Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $112,000 and $168,000, respectively. Determine their participation in the year's net income of $270,000 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 5% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $34,000 and $50,000, respectively, and the balance divided equally. Allowance of interest at the rate of 5% on original investments, salary allowances of $34,000 and $50,000, respectively, and the remainder divided equally.