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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $60,000 and $180,000,...

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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $60,000 and $180,000, respectively. Determine their participation in the year's net income of $270,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $34,000 and $46,000, respectively, and the balance divided equally. e. 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) 135,000 135,000 (b) 67,500 $ 202,500 (c) $ 105,570 X $164,430 x $ 91,500 x (d) $ 91,500 X (e) 84,300 X $ 84,300 X

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