Beau Dawson and Willow McDonald formed a partnership, investing $276,000 and $92,000, respectively. Determine their participation in the year's net income of $136,000 under each of the following...

Beau Dawson and Willow McDonald formed a partnership, investing $276,000 and $92,000, respectively.

Determine their participation in the year's net income of $136,000 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 5% allowed on original investments and the remainder divided in the ratio of 2:3.

d.
Salary allowances of $47,000 and $59,000, respectively, and the balance divided equally.

e.
Allowance of interest at the rate of 5% on original investments, salary allowances of $47,000 and $59,000, respectively, and the remainder divided equally.