Required information [The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $68,000 and $102,000, respectively. 2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $205,000. (Do not round intermediate calculations.) Fraction to Allocate Ramer's Share Fraction to Allocato Knox's Share of Total Income of income Knox Income Allocated Ramer $ 0 Required information [The following information applies to the questions displayed below.) Ramer and Knox began a partnership by investing $68,000 and $102,000, respectively. 3. The partners agreed to share income by giving a $59,000 per year salary allowance to Ramer, a $41,000 per year salary allowance to Knox, 15% Interest on their initial capital investments, and the remaining balance shared equally. Net Income is $205,000. (Enter all allowances as positive values. Enter losses as negative values.) Ramer Knox Total 0 0 Net Income Salary allowances Interest allowances Total salary and interest Balance of income Balance allocated equally Balance of income Shares of the partners 0 $ $ 0