Paco and Kate Invested $99,000 and $126,000,respectively,in a Partnership They

Paco and Kate invested $99,000 and $126,000,respectively,in a partnership they began one year ago.Assuming the partnership earned $120,000 during the current year,compute the share of the net income each partner should receive under each of these independent assumptions.
$\begin{array}{|l|l|l|l|}\hline &&\underline{\text { Paco's Share }}\quad\quad&\underline{\text { Kate's Share }}\quad\quad\\\hline 1.\quad \quad \quad\quad& \text{The partnership} \\& \text{contract specifies} \\& \text{salary allowances of} \\& \text{\$ 45,000 to Paco and} \\& \text{\$ 60,000 to Kate, and} \\& \text{any balance shared}&\$&\$ \\& \text{equally.} \\\hline2.& \text{The partnership} \\& \text{contract specifies} \\& \text{salary allowances of} \\& \text{\$ 45,000 to Paco and} \\& \text{\$ 60,000 to Kate with} \\& \text{interest allowance of} \\& \text{10 \% on the partners'} \\& \text{beginning year} \\& \text{capital balance and}&\$\underline{\quad\quad\quad\quad\quad\quad\quad}&\$\underline{\quad\quad\quad\quad\quad\quad\quad} \\& \text{any remaining}\\&\text{balance shared} \\& \text{equally.}\\\hline\end{array}$