oBook Show Me How Calculator Dividing Partnership Income Dylan Howell and Demand Nickies have decided to form a partnership. They have agreed that Howell is to invest s50,000 and that Nickles is to invest $75,000. Howell is to devote full time to the business, and Nickles is to devote one-half time. The following plans for the division of income are being considered: a. Equal division. b. In the ratio of original investments c. In the ratio of time devoted to the business. d. Interest of 10% on original investments and the remainder in the ratio of 3:2. e. Interest of 10% on original investments, salary allowances of S38,000 to Howell and $19,000 to Nickles, and the remainder equally. f. Plan (e except that Ho ell is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances. Required: For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $420,000 and 2) net income of $150,000. $420,000 $150,000 Plan Howell Nickles Howell Nickles b. d