On 1/1/2011 Santa Clara County is holding an investment pool accounted for in an investment trust fund. The investment pool is comprised by the following investments:

Investments from San Jose City valued at $1,000,000 on 1/1/2011

Investments from San Francisco School District valued at $1,500,000 on 1/1/2011

On 6/30/2011, Earnings on pooled investments totaling $500,000 were received in cash

1) What percentage of interest in the pool is held by San Jose City & the San Francisco School District? Please show calculations

2)How much of the earnings should be distrusted to San Jose City & San Francisco School District? Please show calculations