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 $76,000 and $114,000, respectively. Exercise 12-6 Income allocation in a partnership LO P2 The partners agreed to share net income and loss by granting annual salary allowances of $63,000 to Ramer and $45,000 to Knox, 15% interest allowances on their investments, and any remaining balance shared equally. (Enter all allowances as positive values. Enter losses as negative values) Required: 2a. Determine the partners' shares of Ramer and Knox given a first-year net income of $111,800. 2b. Determine the partners' shares of Ramer and Knox given a first-year net loss of $29,800. Complete this question by entering your answers in the tabs below Req 2A Req 2B Determine the partners' shares of Ramer and Knox given a first-year net income of $111,800