L and M are partners, and profits and losses are divided in the ratio of $3:2$ respectively. At the end of the year, the following details were available: Capital: L $200\,000$, M $150\,000$, with interest on capital at $8\%$ Drawings: L $30\,000$, M $20\,000$, with interest on drawings at $5\%$ Partners’ salaries: L $22\,000$, M $17\,000 The residual profit credited to L was $24\,000$. Calculate the profit for the year before appropriation.
- A$48\,500
- B$88\,500
- C$104\,500
- D$109\,500