L and M are partners, and their profits and losses are shared in proportion to the capital each has put into the business. The information below is given: capital: L $68{,}000, M $102{,}000 profit for the year before appropriation $28{,}900 drawings: L $8000, M $12{,}000 No interest is payable on drawings of up to $10{,}000 for each partner. Any drawings above $10{,}000 are charged interest at $5\%$. How much of the residual profit belonged to L?
- A$11{,}520
- B$11{,}600
- C$11{,}800
- D$11{,}960