Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $376,000 and $188,000, 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 18% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $88,000 and $122,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 18% on original investments, salary allowances of $88,000 and $122,000, respectively, and the remainder divided equally. Albright 135,000 V Hawes (a) 135,000 )ld $( 67,392 X 67,392) 101,088/X 20,760 X