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The partners agreed to share income by granting a $63,500 per year salary allowance to Kramer, a $53,500 per year salary allowance to Knox, 9%

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The partners agreed to share income by granting a $63,500 per year salary allowance to Kramer, a $53,500 per year salary allowance to Knox, 9% interest on their initial capital investments, and the remaining balance shared equally. (Enter all allowances as positive values. Enter losses as negative values.) The partners agreed to share income by granting a $63,500 per year salary allowance to Kramer, a $53,500 per year salary allowance to Knox, 9% interest on their initial capital investments, and the remaining balance shared equally. (Enter all allowances as positive values. Enter losses as negative values.)

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