QUESTION 3 b. Fallon and Springer formed a partnership on January 1. Fallon contributed $90,000 cash and equipment with a market value of $60,000. Springer contributed $30,000 of cash and inventory with a market value of $20,000. Partnership net income for Year 1 was $75,000. Determine each partner's share of the net income for each year, assuming income is divided equally. Net income allocated to each partner Allocate Net Income Fallon Springer QUESTION 4 c. Fallon and Springer formed a partnership on January 1. Fallon contributed $90,000 cash and equipment with a market value of $60,000. Springer contributed $30,000 of cash and inventory with a market value of $20,000. Partnership net income for Year 1 was $75,000. 1. Determine each partner's share of the net income for each year, assuming income is divided based on Fallon and Springer on a 2:1 ratio. Net income allocated to each partner Allocate Net Income Fallon Springer QUESTION 5 d. Fallon and Springer formed a partnership on January 1. Fallon contributed $90,000 cash and equipment with a market value of $60,000. Springer contributed $30,000 of cash and inventory with a market value of $20,000. Partnership net income for Year 1 was $75,000. Determine each partner's share of the net income for each year, assuming income is divided based on the ratio of the partners' original capital investments. Net income allocated to each partner Allocate Net Income Fallon Springer