Ramer and Knox began a partnership by investing $74,000 and $104,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of $57,000 to Ramer and $45,600 to Knox, 12% 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 $112,800. 2. Determine each partner's share given a first-year net loss of $30,800. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine each partner's share given a first-year net income of $112,800. Net Income (loss) $ 112,800 Salary allowances Balance of income (loss) Interest allowances Balance of income (loss) Balance allocated equally Balance of income (loss) Shares of the partners Required: 1. Determine each partner's share given a first-year net income of $112,800. 2. Determine each partner's share given a first-year net loss of $30,800. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Determine each partner's share given a first-year net loss of $30,800. Net Income (loss) $ (30,800) Salary allowances Balance of income (loss) Interest allowances Balance of income (loss) Balance allocated equally Balance of income (loss) Shares of the partners