Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing $173,000 and $213,000, respectively. They agreed to share profits/(losses) by providing yearly salary allowances of $163,000 to Jensen and $88,000 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 $433,000. Total salaries and interest allocation Balance of profit Remainder 3:2 ratio: Balance of profit Shares of each partner