Ramer and Knox began a partnership by investing $78,000 and $117.000, respectively. During its first year, the partnership earned $230,000. Prepare calculations showing how the $230,000 Income is located under each separate plan for sharing income and loss. 3. The partners agreed to share income by giving a $64,000 per year salary allowance to Ramer, a $46,000 per year salary allowance to Knox, 10% interest on their initial capital investments, and the remaining balance shared equally. Net income is $230,000. (Enter all allowances as positive values. Enter losses as negative values.) Ramer Knox Total 0 0 Net Income Salary allowances Interest allowances Total salary and interest Balance of income Balance allocated equally Balance of income Shares of the partners S $