Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing $169,000 and $209,000, respectively. They agreed to share profits/(losses) by providing yearly salary allowances of $159,000 to Jensen and $84,000 to Stafford, 25% Interest allowances on their investments, and sharing the balance 3:2. Required: 1. Determine each partner's share of the first-year profit was $429,000. Share to Jensen Share to Stafford Total $ 0$ 0 Total salanes and interest allocation Balance of profit 0 0 s 0 Remainder 3 2 ratio Balance of profit Shares of each partner 0 $ 0 S 0