L and M are partners sharing profits and losses equally. This year M’s share of the profit is $\$ 18000$.
Next year they plan to change the partnership agreement so that L has an annual salary of $\$ 10000$ and a one-third share of any profits or losses.
What does the total partnership profit for next year need to be for M to receive the same amount of profit as this year?
1 )
$\$ 22000$
2 )
$\$ 34000{\text{ }}$
$\$ 37000{\text{ }}$
4 )
$\$ 42000{\text{ }}$
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