-Holly and Luke formed a partnership,investing $240,000 and $80,000,respectively.Determine their participation in the year's net income of $380,000 under each of the following independent assumptions:

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-Holly and Luke formed a partnership,investing $240,000 and $80,000,respectively.Determine their participation in the year's net income of $380,000 under each of the following independent assumptions:

-Holly and Luke Formed a Partnership,investing $240,000 and $80,000,respectively