Candace Hassell and Abby Lawson formed a partnership, investing $244,800 and $163,200, respectively.

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 15% allowed on original investments and the remainder divided in the ratio of 2:3;

(d) salary allowances of $66,000 and $90,000, respectively, and the balance divided equally;

(e) allowance of interest at the rate of 15% on original investments, salary allowances of $66,000 and $90,000, respectively, and the remainder divided equally.

Determine Hassell's and Lawson's participation in the year's net income of $378,000 under each of the independent assumptions above.