Holly and Luke formed a partnership, investing $240,000 and $80,000, respectively. Determine their participation in the year's net income of $200,000 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 15% allowed on original investments and the remainder divided in the ratio of 2:3 (2/5 to Holly and 3/5 to Luke) D) Salary allowances of $50,000 and $70,000, respectively, and the balance divided equally; E) Allowance of interest at the rate of 15% on original investments, salary allowances of $50,000 and $70,000, respectively, and the remainder divided equally.

Holly and Luke formed a partnership, investing $240,000 and $80,000, respectively. Determine their participation in the year's net income of $200,000 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 15% allowed on original investments and the remainder divided in the ratio of 2:3 (2/5 to Holly and 3/5 to Luke) d. Salary allowances of $50,000 and $70,000, respectively, and the balance divided equally; e. Allowance of interest at the rate of 15% on original investments, salary allowances of $50,000 and $70,000, respectively, and the remainder divided equally. Holly Luke Total a. b. $ $ C. $ d. $ e. $