Holly and Luke formed a partnership, investing $240,000 and $80,000, respectively. Determine their participation in the years 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 the original investment. C) Interest at the rate of 15% allowed on original investments and the remainder divided in the ratio of 2:3. D) Salary allowances of $50,000 and $70,000, respectively, and the balance divided equally.