Dividing partnership income dylan howell and demond nickles have decided to form a partnership. they have agreed that howell is to invest $50,000 and that nickles is to invest $75,000. howell is to devote full time to the business, and nickles is to devote one-half time. the following plans for the division of income are being considered: equal division. in the ratio of original investments. in the ratio of time devoted to the business. interest of 10% on original investments and the remainder in the ratio of 3: 2. interest of 10% on original investments, salary allowances of $38,000 to howell and $19,000 to nickles, and the remainder equally. plan (e), except that howell is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances. required: for each plan, determine the division of the net income under each of the following assumptions: (1) net income of $420,000 and (2) net income of $150,000. (1) (2) $420,000 $150,000 plan howell nickles howell nickles a. $ $ $ $ b. $ $ $ $ c. $ $ $ $ d. $ $ $ $ e. $ $ $ $ f. $ $ $ $