Summers and Tyler formed a partnership on December 31, 1989. Summers contributed $25,000 cash and accounts receivable with a fair market value of $11,000. Tyler's investment consisted of: cash $5,000; inventory $18,000; and supplies $1,000 all at fair market values. During the first year and second year of operations, net income was $30,000 and $58,000, respectively. Distribute the net income for each year assuming profits are divided as follows: a) Based on the partners failing to sign an agreement. b) Based on a 1:3 basis. c) Based on the ratio of the partners' original investments. d) If the partners are allowed 12% of the original investments, salaries to Summers of $14,000 and Tyler of $11,000, the remainder to be divided equally