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 $62,000 and $93,000, 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 $190,000. (Do not round intermediate calculations.) Fraction to Ramer's Fraction to Knox's Share Total Allocate Ramer Share of Allocate Knox of Income Income Income Allocated $50,000 / $125,000 X $ $75,000 760,000 X X $ 114,000 $ 874,000 $125,000 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted