Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing $178,000 and $218,000. respectively. They agreed to share profits/(losses) by providing yearly salary allowances of $168,000 to Jensen and $93,000 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 $438,000. Total salaries and interest allocation: Balance of profit Remainder 3:2 ratio Balance of profit Shares of each partner Share to Jensen Share to Stafford Total Che