Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $210,000 and $70,000, 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 5% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $36,000 and $45,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $36,000 and 545,000, respectively, and the remainder divided equally Hawes Albright (a) 145,000 145,000 (b) $217,500 $ 72,500 (c) 116,000 X $ 174,000 (d) $ 36,000 X $ 45,000 X (e) $ 138,250 X 151,750 X