eBook Show Me How Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $116,000 and $174,000, 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. 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 $34,000 and $46,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $34,000 and $46,000, respectively, and the remainder divided equally. Dawson McDonald a. $ 145,000 $ 145,000 b. $ 108,000 X $ 162,000 X C. $ 6,720 x 10,080 x d. $ 101,280 x 151,920 x e. $ 131,260 X $ 148,740 x Feedback Check My Work Set up a column for each partner and a total column. a. Determine the distribution of income and losses in the absence of a partnership agreement. b. Use the ratio of the partner's original capital investment to distribute the net income