Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $96,000 and $144,000, 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 2:3. d. Salary allowances of $40,000 and $46,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $40,000 and $46,000, respectively, and the remainder divided equally. Hawes Albright (a) $ 135,000 $ 135,000 (b) 108,000 $ 162,000 (c) $ 108,000 $ 162,000 (d) $ 130,500 x $ 139,500 x (e) $ 129,300 x $ 140,700 x