1. Ruqaiya, Samiya and Muna were in partnership sharing profits and losses in the proportion of 3:2:1. On April 1, 2020, Samiya retires from the firm. On that date, their Balance Sheet was as follows: Balance Sheet of Ruqiaya, Samiya and Muna as at March 31,2020 Assets Cash in hand Cash at bank Sundry debtors Stock Less: Provision for Doubtful debts Factory Premises Machinery Furniture TOTAL Liabilities Capital: Ruqiaya Samiya Muna Sundry creditors Bills Payable General Reserve TOTAL OMR 14,000 2,000 15,000 15,000 15,000 The terms were: a) Goodwill of the firm was valued at OMR 13,000. OMR 1,500 7,500 15,000 12,000 22,500 8,000 4,000 70,500 45,000 3,000 9,000 13,500 70,500 b) Machinery and Furniture are depreciated by 10%. c) Factory premises are to be appreciated to OMR 25,050. d) The provision for bad debts to be increased to OMR3,000. Show Revaluation Account, the Capital Accounts of the partners and Balance Sheet of the firm