X and Y are in partnership, sharing residual profits and losses equally. Partners are charged 2% interest on their drawings. Y is entitled to a salary of $\$ 10000$.
The partners’ drawings for the year were as shown.
The profit for the year was $\$ 52000$.
How much did each partner receive as a share of residual profits?
1 )
$\$ 10800$
2 )
$\$ 11200$
3 )
$\$ 20800$
$\$ 21200$
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