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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $441,000 and $147,000, respectively. Determine their participation in the year's net income of

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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $441,000 and $147,000, respectively. Determine their participation in the year's net income of $414,000 under each of the following independer assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. C. Interest at the rate of 12% allowed on original investments and the remainder divided in the ratio of d. Salary allowances of $93,000 and $129,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 12% on original investments, salary allowances of $93,000 and $129,000, respectively, and the remainder divided equally Hawes Albright (a) 207,000V207,000 310,500 103,500

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