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Required information The following information applies to the questions displayed below.J Ramer and Knox began a partnership by investing $78,000 and $117,000, respectively. Part 1

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Required information The following information applies to the questions displayed below.J Ramer and Knox began a partnership by investing $78,000 and $117,000, respectively. Part 1 of 3 1.81 points 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: eBook Hint Print References 1. The partners failed to agree on a method to share income. S 115,000 S115,000 Ramer Knox

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