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please answer fast Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing ( $ 163,000 ) and ( $

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Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing \\( \\$ 163,000 \\) and \\( \\$ 203,000 \\) respectively. They agreed to share profits/(losses) by providing yearly salary allowances of \\( \\$ 153,000 \\) to Jensen and \\( \\$ 78,000 \\) to Stafford, \25 interest allowances on their investments, and sharing the balance \\( 3 ? \\) Required: 1. Determine each partner's share if the first-year profit was \\( \\$ 423,000 \\). 2. Independent of (1), determine each partner's share if the first-year loss was \\( \\$ 98,000 \\). (Negative answers should be indicated by a minus sign.)

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