Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing $177,000 and $217,000, respectively. They agreed to share profits/(losses) by providing yearly salary allowances of $167,000 to Jensen and $92,000 to Stafford, 20% interest allowances on their investments, and sharing the balance 32. Required: 1. Determine each partner's share if the first-year profit was $437000. Talent, a local HR Consulting firm, has total partners' equity of $786,000, which is made up of Hall, Capital, 5613,000 and Reynolds Capital, $173,000. The partners share profit/(losses) in a ratio of 75% to Hail and 25% to Reynolds. On July 1, Morris is admitted to the partnership and given a 20% interest in equity Required: Pronth