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Required information [The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $58,000 and $87,000, 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 $58,000 and $87,000, respectively, 2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $180,000. (Do not round intermediate calculations.) Fraction to Allocate Ramer Ramer's Share Fraction to Allocate Knox's Share of of Income Knox Income Total Income Allocated 0

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