Required information

Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] Ramer and Knox began a partnership by investing $52,000 and $78,000, respectively.

Exercise 12-5 Part 2 Income allocation in a partnership LO P2

2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $165,000. (Do not round intermediate calculations.)

Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.] Ramer and Knox began a partnership by investing $52,000 and $78,000, respectively. Exercise 12-5 Part 2 Income allocation in a partnership LO P2 2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $165,000. (Do not round intermediate calculations.) Fraction to Allocate Ramer Ramer's Share Fraction to Allocate Knox's Share of Total Income of Income Knox Income Allocated