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amer and Knox began a partnership by investing $61,000 and $91,000, respectively. The partners agreed to share net come and loss by giving annual
amer and Knox began a partnership by investing $61,000 and $91,000, respectively. The partners agreed to share net come and loss by giving annual salary allowances of $50,500 to Ramer and $40,400 to Knox, 12% interest allowances in their investments, and any remaining balance shared equally. (Enter all allowances as positive values. Enter losses egative values.) equired: Determine each partner's share given a first-year net income of $99,800. - Determine each partner's share given a first-year net loss of $17,800.
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