[The following information applies to the questions displayed below.] Kramer and Knox began a partnership by investing $55,000 and $64.000. respectively. During its first year, the partnership earned $195,000. Prepare calculations showing how the $195,000 income should be allocated to the partners under each of the following three separate plans for sharing income and loss: The partners failed to agree on a method to share income. The partners agreed to share income and loss in proportion to their initial investments. {Do not round intermediate calculations. Round your final answers to the nearest dollar.) The partners agreed to share income by granting a $58.500 per year salary allowance to Kramer, a $48.500 per year salary allowance to Knox. 9% interest on their initial capital investments, and the remaining balance shared equally