At 31 December 2020, the balance sheet of \(A, B\) and \(C\), who are equal partners, was as follows:

A retired at that date. In order to determine the amount due to him the following revaluations were made: Freehold premises \(£ 18,000\); machinery and tools \(£ 16,000\); investments \(£ 5,100\).
The value of the goodwill was agreed at \(£ 8,000\). It was arranged that \(A\) should take over the investments in part payment of the amount due to him, the balance to be settled in cash. B and C would increase their capitals by paying in \(£ 10,000\) and \(£ 6,000\) respectively. These changes were all carried out.
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(a) Prepare the revaluation account, bank account and capital accounts.

(b) Prepare the opening balance sheet of B and C.

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Non-current assets Freehold premises Machinery and tools Investment, at cost Current assets Inventory Trade receivables Bank Total assets Current liabilities Trade payables Net assets Capital accounts A B Total capital 4 16,000 12,800 12,100 4 16,000 15,100 4,000 35,100 40,900 76,000 (14,000) 62,000 20,000 17,000 25,000 62,000