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 $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 6% allowed on original investments and the remainder divided in the ratio of 2:2 d. Salary allowances of $34,000 and $46,000, respectively, and the balance divided equally. 2. Allowance of interest at the rate of 6% on original investments, salary allowances of $34,000 and $45,000, respectively, and the remainder divided equally. Hawes Albright 53,500 53,500 (b) 80,250 26,750 (c) 56,875 50,125 ()