I IN SHOWS What is correct or incorrect for the work you have completed so far. It does not indicate completion Se Required formation [The following information applies to the questions displayed below.) Ramer and Khox began a partnership by investing $60,000 and $90,000, respectively. 2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $160,000. (Do not round Intermediate calculations.) Answer is complete but not entirely correct. Fraction to Allocate Ramer Ramer's Share of Income Fraction to Allocate Knox Knox's Share of Income Total Income Allocated $50,000 / $75,000 $ 64,000 $75,0007 $125,000 s 96,000 $ 160,000 8 7 6 Next > of 16