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! Required information The following information applies to the questions displayed below) Ramer and Knox began a partnership by investing $70,000 and $105,000, respectively 3. The partners agreed to share income by granting a $60,000 per year salary allowance to Ramer, a $42,000 per year salary allowance to Knox, 8% Interest on their initial capital investments, and the remaining balance shared equally. Net income is $210,000, (Enter all allowances as positive values. Enter losses as negative values.) Ramer Knox Total 0 0 Not Income Salary allowances Interest allowancos Total salary and interest Balance of income Balance allocated equally Balance of income Shares of the partners 0 s 0 $ 0