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Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing ( $ 170,000 ) and ( $ 210,000 ), respectively.

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Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing \\( \\$ 170,000 \\) and \\( \\$ 210,000 \\), respectively. They agreed to share profits/(losses) by providing yearly salary allowances of \\( \\$ 160,000 \\) to Jensen and \\( \\$ 85,000 \\) to Stafford, 25\\% interest allowances on their investments, and sharing the balance \\( 3: 2 \\). Required: 1. Determine each partner's share if the first-year profit was \\( \\$ 430,000 \\). 2. Independent of (1), determine each partner's share if the first-year loss was \\( \\$ 105,000 \\). (Negotive answers should be indicated by o minus sign.)

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