Ramer and Knox began a partnership by investing $$70,000$ and $$105,000,$ respectively. During its first year, the partnership earned $$210,000.$ Prepare calculations showing how the $$210,000$ income is allocated under each separate plan for sharing income and loss.

$3.$ The partners agreed to share income by giving a $$60,000$ per year salary allowance to Ramer, a $$42,000$ per year salary allowance to Knox, $8\%$ interest on their initial capital investments, and the remaining balance shared equally. Net income is $$210,000.$

Note: Enter all allowances as positive values. Enter losses as negative values.