Check my work Required information [The following information applies to the questions displayed below) Ramer and Knox began a partnership by investing $60,000 and $90,000, respectively During its first year, the partnership earned $160,000. Prepare calculations showing how the $160,000 income is allocated under each separate plan for sharing income and loss. 1. The partners did not agree on a plan, and therefore share income equally. ences Ramer Knox Next >