$[24\%]$ Ken Still and Duncan Leif formed a partnership, investing $$300,000$ and $$150,000$ respectively.

Determine their participation in the year's net income of $$160,000$ 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 $13\%$ allowed on original investments and the remainder divided in the ratio

of $3$:$2$; $($d$)$ salary allowances of $$55,000$ and $$65,000$ respectively, and the balance divided equally:

Still

Leif

Total