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 $109,000 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 2:2. d. Salary allowances of $38,000 and $49,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original investments, salary allowances of $38,000 and $49,000, respectively, and the remainder divided equally. Hawes Albright (a) 54,500 54,500 (b) (c) X $ (d) $ $ (e)