1. D and E are partners sharing Profits and Losses in the ratio of 3:2. Their balance sheet stood as under on 01-01-2023. Liabilities Assets Capital Accounts D 1013 E Reserve Creditors Outstanding Expenses Buildings Machinery Furniture 58,000 30,000 20,000 Stock 57,000 8,000 Debtors Less: RBD Prepaid Insurance Cash in hand Total 1,73,000 'T' is admitted as a new partner on the following terms: a) F' shall bring 42,000 as his capital and also bring in 20,000 as goodwill. b) Stock is to be depreciated by 8% and furniture by 10%. c) Provision for bad debts is to be raised to 1,000. d) Buildings are to be revaluated at 82,700. e) Outstanding salary * 1,000. Prepare necessary Ledger Accounts and Balance sheet of the new firm. 18,800 - 800 70,000 38,000 10,000 30,000 18,000 1,500 5,500 1,73,000