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. Share to Jensen Share to Stafford Total $ 0 $ 0 Total salaries and interest allocation Balance of profil 0 0 $ 0 Remainder 3.2 ratio Balance of pront Shares of each partner 0 $ 0 $ 0 2. Independent of determine each partner's share if the first-year loss was $102.000. (Negative answers should be indicated by a minustian 2. Independent of (1), determine each partner's share if the first-year loss was $102,000. (Negative answers should be indicated by a minus sign) Share to Jensen Share to Stafford Total OS 0 Total salaries and interest allocation Balance of loss 5 0 0 Remainder 3.2 rabio Balance of loss Shares of each partner 0 $ 0 5 OS