Help Save & Exit Check my Exercise 12-5 Part 3 Income allocation in a partnership LO P2 partners agreed to share income by granting a $52,000 per year salary allowance to Ramer, a $42.000 per yea shared equally. Ne salary allowance to Knox, 10% interest on their initial capital investments, and the remaining balance income is $170,000. (Enter all allowances as positive values. Enter losses as negative values.) Ramer Knox Total S 170,000 Net Income Salary allowances Interest allowances Total salary and interest S 52000 S 42,000 94,000 Balance of income Balance allocated equally Balance of income Shares of the partners S 52,000 $ 42,000 c