2. A and B are partners sharing profits and losses in the ratio of 3:1. Their Balance sheet as on 31st March 2020 was as follows: Balance Sheet Liabilities Assets Amount (RO) Amount (RO) 37,500 4,000 Creditors General Reserves Capital A B Cash Bills Receivable Debtors Stock Furniture Building 30,000 16,000 22,500 3,000 16,000 20,000 1,000 25,000 87,500 87,500 On 14 April 2020 they admit C on the following terms: a. That C pays RO 10,000 as his capital for one fifth share in profits b. That Goodwill already appears in the books for RO 20,000 c. That stock and furniture be reduced by 10% and a provision of 5% be made for doubtful debts. d. That the value of building be appreciated by 20% Record Necessary Journal Entries and Prepare Revaluation accounts, partners' capital accounts and Balance sheet of the new firm