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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, Investing $217,500 and $72,500,...

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Accounting

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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, Investing $217,500 and $72,500, respectively. Determine their participation in the year's net income of $109,000 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 2:2. d. Salary allowances of $34,000 and $47,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original Investments, salary allowances of $34,000 and $47,000, respectively, and the remainder divided equally. Hawes Albright (a) 54,500 54,500 (b) 81,750 27,250 (c) 13,050 x 4,350 x S $ $ (d) $ 14,000 X 14,000 X (e) $

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