Partnership Profits Part 1: Profit allocation to partners Part a: 5 points Xavier & Yancy form a partnership with initial investments of $40,000 and $125,000 respectively. Xavier works three fourths and Yancy works full time. The partners agree to split profit and loss in the ratio of their initial investment. Assuming a net income of $25,000 what would each partner's division be? Xavier Yancy Total Investment Net income Part b: 5 points Taylor & Uma form a partnership with initial investments of $100,000 and $200,000 respectively. Their agreement calls for a salary to Taylor of $40,000 and a salary to Uma for $60,000. Each partner is to receive interest of 10% on their initial investment and they agree the remaining profit or loss is to be divided equally. If the net income for the period is $230,000 show the distribution to each partner: Taylor Uma Total Investment Salary Interest Remainder