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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $70,000 and $210,000, respectively. Determine their participation in the year's net income of $270,000 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 $47,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $34,000 and $47,000, respectively, and the remainder divided equally. Hawes Albright (a) $ 135,000 $ 135,000 (b) $ 202,500 X 67,500 x (c) 89,280 x $ 180,720 X (d) 76,000 x $ 89,000 X (e) $ 121,500 X $ 148,500 x