Jensen and Stafford began a partnership to start a hardwood flooring retallation business, by Investing $175,000 and $215,000. respectively. They agreed to share profits.losses) by providing yearly salary allowances of $165,000 to Jensen and $90,000 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 $435,000. Share to Jersen Profit Stafford Total Total salaries and interest allocation Balance of profit LO Remainder 3.2 ratio Balance of profit Shares of each partner 1 $ 2 Independent of 1). determine each partner's share if the first-year loss was $110.000. (Negative answers should be indicated by a minus sign) Share to Jensen T Share to Stafford Total Yotal saanes and interest a location 23CG 0 OSS Rentalnder 2 2 ratio Balance 0.55 es f oartner