A and B were partners in a firm sharing profits and losses in the ratio of 3-2. On 1 April 2020 their Balance Sheet was as follows: Balance Sheet of A&B (as on 15 April 2020) OMR OMR Cash 70,000 Debtors 200,000 Less: Provision (10,000) 190,000 Stock 220,000 Furniture 120,000 Buildings 300,000 Land 400.000 1.300,000 Creditors 120,000 Bills Payable 180,000 General Reserve 120,000 Capitals: A 500,000 B380,000 880,000 1.300.000 On 1" April 2020 they decided to admit C into partnership giving him 1/5 share. He brings in OMR_150000 as his share of capital and OMR 20000 as his goodwill. The partners decided to revalue the assets as follows (1) Land was to be appreciated by 5 % and Buildings was to be depreciated by OMR 90000 (ii) Furniture value was to be reduced by OMR 40000 (iii) Provision for bad debts is to be increased to OMR 10000 Required: (a) You are required to show all the ledger accounts necessary to record the revaluation. (6) Draw up a balance sheet as at 1 April 2020