Required information [The following information applies to the questions displayed below.] Ramer and Knox began a partnership by investing $56,000 and $84,000, respectively. The partners agreed to share net income and loss by granting annual salary allowances of $53,000 to Ramer and $43,000 to Knox, 10% Interest allowances on their investments, and any remaining balance shared equally. (Enter all allowances as positive values. Enter losses as negative values.) Required: 2a. Determine the partners' shares of Ramer and Knox given a first-year net income of $101,800. 2b. Determine the partners' shares of Ramer and Knox given a first-year net loss of $19,800. Complete this question by entering your answers in the tabs below. Req 2A Req 28 Determine the partners' shares of Ramer and Knox given a first-year net income of $101,800. Net Income (loss) Allocation of Partnership Income Ramer Total $ 101,800 96,000 8,400 14,000 0 Salary allowances Balance of income (loss) Interest allowances Balance of income (loss) Balance allocated equally Balance of income (loss) Shares of the partners $ 53,000 $ 43,000 5,600 Required information [The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $56,000 and $84,000, respectively. The partners agreed to share net income and loss by granting annual salary allowances of $53,000 to Ramer and $43,000 to Knox, 10% interest allowances on their investments, and any remaining balance shared equally. (Enter all allowances as positive values. Enter losses as negative values.) Required: 2a. Determine the partners' shares of Ramer and Knox given a first-year net income of $101,800. 2b. Determine the partners' shares of Ramer and Knox given a first-year net loss of $19,800. Complete this question by entering your answers in the tabs below. Req 2A Req 2 Determine the partners' shares of Ramer and Knox given a first-year net loss of $19,800. Allocation of Partnership Income Net Income (loss) Salary allowances Balance of income (loss) Interest allowances Balance of income (loss) Balance allocated equally i Balance of income (loss) Shares of the partners Ramer Knox Total $ (19,800) 0 0 0