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The partners agreed to share income by granting a $55,000 per year salary allowance to Ramer, a $45,000 per year salary allowance to Knox, 15%

The partners agreed to share income by granting a $55,000 per year salary allowance to Ramer, a $45,000 per year salary allowance to Knox, 15% interest on their initial capital investments, and the remaining balance shared equally. Net income is $185,000. ( Enter all allowances as positive values. Enter losses as negative values.)

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Ramer Kto local I Net Income Salary allowances Interest allowances Total salary and interest Balance of income Balance allocated equally Balance of income Shares of the partners Ramer Kto local I Net Income Salary allowances Interest allowances Total salary and interest Balance of income Balance allocated equally Balance of income Shares of the partners

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