Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $60,000 and $180,000, 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 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $40,000 and $47,000, respectively, and the balance divided equally e. Allowance of interest at the rate of 6% on original investments, salary allowances of $40,000 and $47,000, respectively, and the remainder divided equally Hawes Albright (a) 135,000 135,000 (b) 67,500 202,500 $ 102,240 X 153,360 X @ $ 91,500 X 91,500 X 84,300 X 84,300 X