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Required Informetlon Use the following information for the Exercises below The following Information applies to the questions displayed below Ramer and Knox began a partnershlp by Investing $56,000 and $84,000, respectively Exercise 12-6 Income allocation in a partnership LO P2 The partners agreed to share net income and loss by granting annual salary allowances of $53,000 to Ramer and $43,000 to Knox, 10% interest allowances on their investments, and any remaining balance shared equally. (Enter all allowances as positive values. Enter losses as negatlve values.) Requlrec 2a. Determine the partners' shares of Ramer and Knox glven a first-year net Income of $101,800. 2b. Determine the partners' shares of Ramer and Knox given a first-year net loss of $19,800. Answer is not complete Complete this question by entering your answers in the tabs below Req 2A Req 2B Determine the partners' shares of Ramer and Knox given a first-year net income of $101,800 Allocation of PartnershipI Total Ramer Knox Net Income (loss) Salary allowances Balance of income (loss) Interest allowances Balance of income (loss) Balance allocated equally Balance of income (loss) Shares of the partners S 101,800 43.0009.000 5,800 10.480 53.000 5,300 5.160