5. Mr. Latharsa, Mr. Motarsa and Mr. Ameersa were partners of a firm sharing profit and losses in the ratio of 4:3:2. Set out below was their balance sheet as on 31st March 2020. RO RO Balance Sheet Equity & Liabilities Assets Capital Accounts: Cash in Hand 1,125 Mr. Latharsa 300,000 Cash at Bank 306,750 Mr. Motarsa 187,500 Sundry Debtors 133,500 Mr. Ameersa 225,000 Stock 167,250 General Reserve 180,000 Furniture 26,250 Profits & Loss A/C 33,000 plant and Machinery 73,125 Bills Payable 48,000 Land & Buildings 180,000 Sundry Creditors 93,750 Motor Cars 105,000 Outstanding Expenses 750 Truck 75,000 Total 1,068,000 Total 1,068,000 Latharsa retired from the partnership on 1st of April, 2020 under the following terms: Goodwill of the firm was to be valued at RO 45,000. The assets are to be valued as under: Stock RO 150,000; Furniture RO 20,000; Plant & Machinery RO 60,000; Building RO 150,000. A provision for doubtful debts to be created at RO 6,375. The gaining ratio is 2:1. Mr. Latharsa was to be paid off immediately. Record the necessary journal entries, prepare Revaluation Account, Capital Accounts and Balance Sheet of the reconstituted partnership