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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 ( $
please answer fast
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 3.2 Required: 1. Determine each partner's share if the first-year profit was \\( \\$ 423,000 \\) Step by Step Solution
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