eBook Show Me How Print Item C Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $104,000 and $156,000, 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 $38,000 and $49,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $38,000 and $49,000, respectively, and the remainder divided equally. (a) (D) Hawes 145,000 Albright 145,000 174,000 (b) $116,000 (c) (d) 140,500 151,500 (e)