Will and Grace are partners who have capital balances of $90,000 and $60,000, respectively at the beginning of the year. If net income for the year is $75,000, determine Will's share of net income according to each of the following assumptions:

1. No agreement as to the division of net income.

2. In ratio of capital balances at the beginning of the year.

3. Salary allowances of $30,000 to Will; remainder divided equally.

4. Salary allowance of $30,000 to Will; interest allowance of 10% on beginning capital balances; remainder divided equally.

5. Salary allowance of $30,000 to Will and $40,000 to Grace; remainder in ratio of 3:2.