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! Required information [The following information applies to the questions displayed below.] Ramer and Knox began a partnership by investing $62,000 and $93,000, respectively.

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! Required information [The following information applies to the questions displayed below.] Ramer and Knox began a partnership by investing $62,000 and $93,000, respectively. During its first year, the partnership earned $190,000. Prepare calculations showing how the $190,000 income is allocated under each separate plan for sharing income and loss. 1. The partners did not agree on a plan, and therefore share income equally. Ramer Knox

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