Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) Romet and Knox began a partnership by investing $52,000 and $78,000, respectively Exercise 12-5 Part 3 Income allocation in a partnership LO P2 3. The partners agreed to shore income by giving a $51,000 per year salary allowance to Ramer, a $41,000 per year salary allowance to Knox, 10% interest on their initial capital investments, and the remaining balance shared equally. Net income is $165,000. (Enter all allowances as positive values. Enter losses as negative values.) Hamer Knox Total Not Income Salary allowance Interest owes Toally and interest Balance of income Balance located equally Balance of income Shares of the partners