! Required information (The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $60,000 and $90,000, respectively. 3. The partners agreed to share income by giving a $50,000 per year salary allowance to Ramer, a $40 to Knox, 10% interest on their initial capital investments, and the remaining balance shared equally. Net allowances as positive values. Enter losses as negative values.) Ramer Knox Total $ 50,000 $ 6,000 40,000 9,000 90,000 15,000 105,000 Net Income Salary allowances Interest allowances Total salary and interest Balance of income Balance allocated equally Balance of income Shares of the partners 0 $ 56,000 $ 49,000 formation ng information applies to the questions displayed below.) Knox began a partnership by investing $60,000 and $90,000, respectively. wreed to share income by giving a $50,000 per year salary allowance to Ramer, a $40,000 per year salary allowance est on their initial capital investments, and the remaining balance shared equally. Net income is $160,000. (Enter all itive values. Enter losses as negative values.) Ramer Knox Total $ 90,000 50,000 $ 6,000 40,000 9,000 st 15,000 105,000 0 $ 56,000 $ 49,000