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Help Required information (The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $58,000 and $87,000, respectively. 3.

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Help Required information (The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $58,000 and $87,000, respectively. 3. The partners agreed to share income by granting a $54,000 per year salary allowance to Ramer, a $44,000 per year salary allowance to Knox, 10% interest on their initial capital investments, and the remaining balance shared equally. Net income is $180,000 (Enter all allowances as positive values. Enter losses as negative values.) Ramer Knox $ $ 54,000 Total 180,000 54,000 0 Net Income Salary allowances Interest allowances Total salary and interest Balance of income Balance allocated equally Balance of income Shares of the partners $ 54,000

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