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Tyler Hawes and Piper Albright formed a partnership, investing $217,500 and $72,500, respectively. Determine their participation in the year's net income of $106,000 under each

Tyler Hawes and Piper Albright formed a partnership, investing $217,500 and $72,500, respectively. Determine their participation in the year's net income of $106,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:2. Salary allowances of $40,000 and $46,000, respectively, and the balance divided equally. Allowance of interest at the rate of 6% on original investments, salary allowances of $40,000 and $46,000, respectively, and the remainder divided equally. Hawes Albright (a) $fill in the blank 1 $fill in the blank 2 (b) $fill in the blank 3 $fill in the blank 4 (c) $fill in the blank 5 $fill in the blank 6 (d) $fill in the blank 7 $fill in the blank 8 (e) $fill in the blank 9 $fill in the blank 10

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