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Required information [The following information applies to the questions displayed below.] Ramer and Knox began a partnership by investing $66,000 and $99,000, 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 $66,000 and $99,000, respectively. 2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $200,000. (Do not round intermediate calculations.) Fraction to Allocate Ramer Ramer's Share of Income Fraction to Allocate Knox's Share of Knox Income Total Income Allocated $ $ 0

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