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Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing ( $ 167,000 ) and ( $ 207,000 ). respectively.

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Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing \\( \\$ 167,000 \\) and \\( \\$ 207,000 \\). respectively. They agreed to share profits/(losses) by providing yearly salary allowances of \\( \\$ 157.000 \\) to Jensen and \\( \\$ 82.000 \\) to Stafford, \20 interest allowances on their investments, and sharing the balance 3:2. Required: 1. Determine each partner's share if the first-year profit was \\( \\$ 427.000 \\). 2. Independent of (1), determine each parther's share if the first-year loss was \\( \\$ 102,000 \\). (Negotivo answers should be indicnted by o minus sign.)

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