complete both requirments for a like! thank you!

Ramer and Knox began a partnership by investing $79,000 and $109,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of $59,500 to Ramer and $47,600 to Knox, 10% interest allowances on their investments, and any remaining balance shared equally. (Enter all allowances as positive values. Enter losses as negative values.) Required: 1. Determine each partner's share given a first-year net income of $117,800. 2. Determine each partner's share given a first-year net loss of $35,800 Complete this question by entering your answers in the tabs below. mes Required Required 2 Determine each partner's share given a first-year net income of $117,800. Allocation of Partnership Income Ramer Knox Total Not Income foss) $117.800 Salary lowances o Balance of income (los) Interest allowances o Balance of income foss) Balance alocated equally Balance of income (los) Shares of the partners Required 2 > 0 Ramer and Knox began a partnership by investing $79,000 and $109,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of $59,500 to Ramer and $47,600 to Knox, 10% interest allowances on their investments, and any remaining balance shared equally. (Enter all allowances as posltive values. Enter losses as negative values.) Required: 1. Determine each partner's share given a first-year net income of $117,800, 2. Determine each partner's share given a first-year net loss of $35,800. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine each partner's share given a first-year net loss of $35,800. ces Total $ (35,800) 0 Allocation of Partnership Income Ramer Knox Net Income (los) Salary allowances Balance of income (loss) Interest allowances Balance of income (oss) Balance allocated oqually Balance of income (los) Shares of the partners O 0 (Required 1