John and Brian are in partnership sharing profits and losses equally. John receives a salary of
$\$ 2000$ per annum. Brian loaned the business $\$ 5000$. He is entitled to interest of 5% per annum.
The profit for the year before appropriation was $\$ 24000$. During the year John took drawings of $\$ 3000$.
What will be the amount of residual profit Brian will receive for the year?
1 )
$9375
2 )
$10875
$11000
4 )
$11250
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