Tyler Hawes and Piper Albright formed a partnership, investing $70,000 and $210,000, respectively. Determine their participation in the year's net income of $108,000 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 $34,000 and $46,000, respectively, and the balance divided equally. Allowance of interest at the rate of 6% on original investments, salary allowances of $34,000 and $46,000, respectively, and the remainder divided equally.

Hawes

Albright

(a) $ $

(b) $ $

(c) $ $

(d) $ $

(e) $ $