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Ramer and Knox began a partnership by investing $76,000 and $106,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of $58,000 to Ramer and $46,400 to Knox,10% interest allowances on their investments, and any remaining balance shared equally. Note: Enter all allowances as positive values. Enter losses as negative values. Required: 1. Determine each partner's share given a first-year net income of $114,800. 2. Determine each partner's share given a first-year net loss of $32,800. Complete this question by entering your answers in the tabs below. Determine each partner's share given a first-year net income of $114,800. Ramer and Knox began a partnership by investing $76,000 and $106,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of $58,000 to Ramer and $46,400 to Knox, 10% interest allowances on their investments, and any remaining balance shared equally. Note: Enter all allowances as positive values. Enter losses as negative values. Required: 1. Determine each partner's share given a first-year net income of $114,800. 2. Determine each partner's share given a first-year net loss of $32,800, Complete this question by entering your answers in the tabs below. Determine each parther's share given a first-year net loss of $32,800