43.2A Fitch and Wall have been in partnership for many years sharing profits and losses in the ratio 5:3 respectively. The following was their balance sheet as at 31 December 20 xx2. 552 Chapter 43 Revaluation of partnership assets Goodwill f f Plant and machinery 12,400 Stock 6,420 16,320 Debtors 4,100 Cash at bank (626)/() Sundry creditors 11,146 (5,928) 5,218_ Capital: Fitch 33,938_ quad Wall 19,461 14,477_ On 1 January 20 xx3, they decided to admit Home as a partner on the condition that she contributed f 12,000 as her capital but that the plant and machinery and stock should be revalued at f 16,800 and f6,100 respectively, the other assets excepting goodwill, remaining at their book values. The goodwill