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 12-5 Part 3 Income allocation in a partnership LO P2 3. The partners agreed to share income by granting a $63,000 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 $225,000. Enter all allowances as positive values. Enter losses as negative values.) Ramer Knox Total Net Income Salary allowances Interest allowances Total salary and interest $ 63,000 63,000 0 Balance of income Balance allocated equally Balance of income Shares of the partners $ 63,000$ 0