3 Required information Part 3 of 3 Use the following information for the Exercises below. [The following information applies to the questions displayed below. 0.66 points Ramer and Knox began a partnership by investing $78,000 and $117,000, respectively. Exercise 12-5 Part 3 Income allocation in a partnership LO P2 eBook 3. The partners agreed to share income by giving a $64,000 per year salary allowance to Ramer, a $46,000 per year salary allowance to Knox, 10% interest on their initial capital investments, and the remaining balance shared equally. Net income is $230,000. (Enter all allowances as positive values. Enter losses as negative values.) Hint Ramer Knox Total Print $ 64,000 64,000 0 References Net Income Salary allowances Interest allowances Total salary and interest Balance of income Balance allocated equally Balance of income Shares of the partners 0 $ 64,000 $ 0