Insufficient information to determine profit Steps:

• Calculate end partners' equity: Capital L $20,000 + Capital M$10,000 + Current M $2,000 - Current L$1,000 = $31,000.
• Increase in equity: $31,000 -$14,000 start net assets = $17,000.
• This increase = profit + revaluation gain ($500) - drawings.
• Rearrange: profit = $17,000 -$500 + drawings = $16,500 + drawings.
• Drawings amount and profit sharing ratio not given, so profit cannot be calculated.

Why B is wrong:

• $5,000 does not match any consistent calculation given missing data on drawings.

Why the others are wrong:

• A. $2,500 ignores equity change and revaluation.
• C. $14,500 equals start net assets + revaluation but ignores equity increase and drawings.
• D. $17,500 equals equity increase but ignores revaluation and drawings.

Not enough information.

Final answer: Not enough information.