Using each of the five assumptions as to income division listed in Exercise 12-3, determine the income participation of Hawes and Albright if the year's net income is $104,000?

In Exercise 12-3,

Tyler Hawes and Piper Albright formed a partnership, investing $210,000 and $70,000, respectively. Determine their participation in the year's net income of $290,000 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 $36,000 and $45,000, respectively, and the balance divided equally;

(e) Allowance of interest at the rate of 5% on original investments, salary allowances of $36,000 and $45,000, respectively, and the remainder divided equally?