Exercise 11-4 Profit allocation in a partnership LO3 CHECK FIGURES 1. Jensen: $255,800; Stafford: $164,200; 2. Jensen: $(53,200); Stafford: $(41,800) Jensen and Stafford began a partnership to start a hardwood flooring installation business, by inve $160,000 and $200,000, respectively. They agreed to share profits/aosses by providing yearly sala lowances of $150,000 to Jensen and $75,000 to Stafford, 20% interest allowances on their investments sharing the balance 3:2