Ramer and Knox began a partnership by investing $58,000 and $87,000, respectively. During its first year, the partnership earned $180,000. Prepare calculations showing how the $180,000 income is allocated under each separate plan for sharing income and loss.

The partners agreed to share income and loss in proportion to their initial investments.Net income is $180,000.

Note: Do not round intermediate calculations.

\begin{tabular}{|l|l|l|l|l|} \hline FractiontoAllocateRamer & RamersShareofIncome & FractiontoAllocateKnox & KnoxsShareofIncome & TotalIncomeAllocated \\ \hline & & & & \\ \hline \end{tabular}