Given:

Net profit b/d.....................N10,000
Interest on capital:...M...........N2, 000
.......................K...........N1, 000
Partners' on salary....K...........N800
Interest on drawings...M...........N500
Profit sharing ratio M and K 3:2

Determine M's share of profit?

• A.6,280
• B.4,020
• C.2,820
• D.2,280
• E.