Tyler Hawes and Piper Albright formed a partnership, investing $202,500 and $67,500, respectively. Determine their participation in the year's net income of $109,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:2. d. Salary allowances of $34,000 and $50,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $34,000 and $50,000, respectively, and the remainder divided equally Hawes Albright Dividing Partnership Income (d) (e) 32 22 (a) (b) (c)