Exercise $12-5($Static$)$ Part $3$ Income allocation in a partnership LO P$2$

$3.$ The partners agreed to share income by giving a $$50,000$ per year salary allowance to Ramer, a $$40,000$ per year salary allowance to Knox, $10\%$ interest on their initial capital investments, and the remaining balance shared equally. Net income is $$160,000.$ Note: Enter all allowances as positive values. Enter losses as negative values.

$\backslash$table$[[,$Ramer,,Knox,Total$],[\backslash$table$[[$Net Income$],[$Salary allowances$]]],[$Salary allowances,$$,50,000,$$$,40,000,90,000],[\{$

$\backslash$table$[[$Interest allowances$],[$Total salary and interest$],[$Balance of income$]]\}],[$Balance of income$],[$Balance allocated equally,,$],[,,0],[\backslash$table$[[$Balance of income$],[$Shares of the partners$]]],[$Shares of the partners,$50,000,$$$,40,000,]]$