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Help Save Ramer and Knox began a partnership by investing $64,000 and $94,000, respectively. The partners agreed to share net income and loss by giving

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Help Save Ramer and Knox began a partnership by investing $64,000 and $94,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of $52,000 to Ramer and $41,600 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 glven a first-year net income of $102,800. 2. Determine each partner's share given a first-year net loss of $20,800. 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 $20,800. Allocation of Partnership Income Ramer Knox Total $ (20,800) + 0 0 Net Income (loss) Salary allowances Balance of income (loss) Interest allowances Balance of income (los) Balance allocated equally Balance of income (loss) Shares of the partners 0

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