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In: AccountingDividing Partnership Income Candace Hassell and Abby Lawsonformed a partnership, investing $295,200 and $196,800,respectively....Dividing Partnership Income Candace Hassell and Abby Lawsonformed a partnership, investing $295,200 and $196,800,respectively. Determine their participation in the year's netincome of $258,000, under each of the following independentassumptions. No agreement concerning division of net income.Divided in the ratio of original capital investment. Interest atthe rate of 18% allowed on original investments and the remainderdivided in the ratio of 2:3. Salary allowances of $78,000 and$108,000, respectively, and the balance divided equally. Allowanceof interest at the rate of 18% on original investments, salaryallowances of $78,000 and $108,000, respectively, and the remainderdivided equally.