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. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 23. d. Salary allowances of $36,000 and $45,000, respectively, and the balance divided equally. e. Allowance of interest at the rate o 5% on original investments, salary allowances of $36,000 and $45,000 respectively, and the remainder divided equah Albright 145,000 217,500 (110,400) x 145,000 72,500 (c) (165,6001 x 104,500 | 97,500 X 97,500 x a column for each partner and a total column a. Determine the distribution of Income and losses in the absence of a partnershio agreement b. Use the ratio of the partner's original capital investment to distribute the net income. Use the stated percerntage to determine the interest allovance. Distribute the remaining income based on the stated ratio. d. Assign each partner's stated salary aflowance. Distribnite the remaining income based on the stated ratio e. Use the stated percentage to determine the interest allowance, Adsion sach partier's salary allowance. Distribute the remaining income based on the stated rat All work saved. 3 AM