Print tem Dividing Partnership Income Black and Shannon have decided to form a partnership. They have agreed that Black is to invest $300,000 and that Shannon is to invest $100,000. Black is to devote One-half time to the business, and Shannon is to devote full 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 6% on original investments and the remainder equally e. Interest of 6% on original investments, salary allowances of $55,000 to Black and $75,000 to Shannon, and the remainder equally f. Plan (e), except that Shannon 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 $115,000 and (2) net income of $230,000. Round answers to the nearest whole dollar. (2) $115,000 $230,000 plan Black Shannon Black Shannon a. b. C. d