# that Drury is to invest \$44,700 and that Wilkins is to invest \$104,300. Drury is to devote full time to the business, and Wilkins is to devote one-half time. The following plans for the division of income are being considered:a. Equal division.b. In the ratio of original investments.c. In the ratio of time devoted to the business.d. Interest of 10% on original investments and the remainder in the ratio of 3:2.e. Interest of 10% on original investments, salary allowances of \$101,400 to Drury and \$50,700 to Wilkins, and the remainder equally.f. Plan (e), except that Wilkins is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances.For each plan, determine the division of the net income under each of the following assumptions: (1) net income of \$447,000 and (2) net income of \$196,800. (1) Net income of (2) Net income of \$447,000 \$196,800Plan Drury Wilkins Drury Wilkinsa. \$ \$ \$ \$b.\$ \$ \$ \$c. \$ \$ \$ \$d.\$ \$ \$ \$e.\$ \$ \$ \$f.\$ \$ \$ \$Solution details:STATUS Answered QUALITY Approved ANSWER RATING This question was answered on: Apr 19, 2020 PRICE: \$15 Solution~000.zip (25.37 KB) Buy this answer for only: \$15 This attachment is locked × Please Enter The Email Where You Want To Receive Solution. Get this solution for only: \$

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