Pari and Ira are partners, with profits and losses divided equally. Interest on the balances in the capital account is payable at 6% per annum. Pari is to receive a salary of $5000 per annum. At the beginning of the year, the capital account balances stood at $60000 for Pari and $40000 for Ira. The profit for the year was $27500. What amount of residual profit was credited to Pari’s current account at the end of the year?
- A$8250
- B$10750
- C$11250
- D$13250