2. independent of 1,determine each partner shares if the first year loss was $95000.

Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing $160,000 and $200,000, espectively. They agreed to share profits/(losses) by providing yearly salary allowances of $150,000 to Jensen and $75,000 to Stafford, 20% interest allowances on their investments, and sharing the balance 3:2. Required: . Determine each partner's share if the first-year profit was $420,000