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Dividing Partnershlp Income Beau Dawson and Willow McDonald formed a partnership, investing $195,000 and $65,000, respectively. Determine their participation in the year's net income of

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Dividing Partnershlp Income Beau Dawson and Willow McDonald formed a partnership, investing $195,000 and $65,000, respectively. Determine their participation in the year's net income of $275,000 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 5% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $40,000 and $49,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of 540,000 and 549,000 , fespectively, and

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