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Required information The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $64,000 and $96,000, respectively. 2. The

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Required information The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $64,000 and $96,000, respectively. 2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $195,000. (Do not round intermediate calculations.) Fraction to Allocate Ramer Ramer's Share Fraction to Allocate Knox's Share of Total Inco Knox Income Allocated of Income

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