A and B are partners sharing profits and losses in the ratio of 3:1. Their Balance sheet as of 31st March 2020 was as follows: Balance Sheet Liabilities Amount (RO) Assets Amount (RO) Creditors General Reserves Capital A B 37,500 4,000 30,000 16,000 Cash Bills Receivable Debtors Stock Furniture Building 22,500 3,000 16,000 20,000 1,000 25,000 87,500 87,500 On 1st April 2020 they admit C on the following terms: a. That C pays RO 10,000 as his capital for a 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.