Required information [The following information applies to the questions displayed below] Ramer and Knox began a partnership by investing $78,000 and $117,000, respectively. During its first year, the partnership earned $230,000. Prepare calculations showing how the $230,000 income should be allocated to the partners under each of the following three separate plans for sharing income and loss: 1. The partners failed to agree on a method to share Income. Ramer Knox