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Ramer and Knox began a partnership by investing $$60,000$ and $$90,000,$ respectively. During its first year, the partnership

earned $$160,000.$ Prepare calculations showing how the $$160,000$ 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 $$160,000.$

Note: Do not round intermediate calculations.