Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $459,000 and $153,000, respectively. Determine their participation in the year's net income of $306,000 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 12% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $96,000 and $132,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 12% on original investments, salary allowances of $96,000 and $132,000, respectively, and the remainder divided equally. Hawes Albright @ @ CITI