4) Ibrahim and Samuel are in partnership sharing profits and losses equally. On 1 March 2012 they decided to admit Rose as a partner. The Balance Sheet before Rose was admitted was as below: GHC GHC 96,000 64,000 Capital Accounts: Ibrahim Samuel Current Accounts Ibrahim Samuel Creditors Premises Pant & Machinery Stock Debtors Cash at bank 75,000 60,000 38,500 15,350 11,650 12,510 8,340 19,650 200,500 200,500 Additional information: a) Rose would bring GHC 40,000 as capital. The new sharing ratio was Ibrahim 2 Samuel 2 and Rose 1 b) Goodwill valued at GHc 10,000 was introduced c) Assets were revalued at: and Rose 1 b) c) Goodwill valued at GHC 10,000 was introduced Assets were revalued at: i) ii) iii) iv) Premises GHc 100,000 Plant & Machinery GHc45,000 Stock GHc32,500 A provision of GHc1800 was made for doubtful debts You are required to prepare the following as 1 March 2012: 1) Revaluation Account 2) Capital Accounts 3) Revised Balance Sheet