Grace and Joseph are in partnership. The terms of their partnership are as follows: o Interest on drawing is to be charged at 15% o Interest on capital is to be paid at 10% o Grace is to be paid $7,500 for salaries o Profit or loss is to be shared in the same ratio as their capital The following trial balance was extracted after the calculation of the net income for the year ending December 31, 2020: DR CR 45,600 3,200 DETAILS Net profit for the year Cash Bank Creditors Debtors Loan Capital Grace 20.800 11.600 25,000 200.650 85.000 OL . ccer DR CR 45,600 3,200 20,800 11,600 25,000 200,650 DETAILS Net profit for the year Cash Bank Creditors Debtors Loan Capital: Grace Joseph Drawings: Grace Joseph Current account: Grace Joseph 85,000 55,000 32,000 29,000 9,500 3,600 What is the share of the profit for Joseph Select one: a. $17.914 b. $27,686 c. $13,063