viding Partnership Income

eau Dawson and Willow McDonald formed a partnership, investing $$96,000$ and $$144,000,$ respectively.

etermine their participation in the year's net income of $$290,000$ 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 $5\%$ allowed on original investments and the remainder divided in the ratio of $2$:$3.$

Salary allowances of $$40,000$ and $$49,000,$ respectively, and the balance divided equally.

Allowance of interest at the rate of $5\%$ on original investments, salary allowances of $$40,000$ and $$49,000,$ respectively, and the remainder divided qually.

Dawson

McDonald