Partnership residual profit requires summing shares after other appropriations

Steps:

• Identify residual profit shares: L $36,000, M$18,000.
• Note profit-sharing ratio from shares: 36,000:18,000 = 2:1.
• Calculate total residual profit: $36,000 +$18,000 = $54,000.
• Confirm no other appropriations (e.g., capital interest, salaries) provided to adjust.

Not enough information: Total residual profit is $54,000, but choices do not match; drawings, drawing interest, and loan interest do not alter residual total.

Final answer: Not enough information.