A, B and were partners in a firm sharing profits and losses according to their Capital On 1 April 2030 their Balance Sheet was as follows Balance Sheet of A, B and Ctas on 16 April 2009 OMR OMR Cash 28.000 Debtors 40,000 Less Provision 2.000 38.000 Stock 36.000 Machinery 100.000 Buildings 200.000 462.000 Creditors 42.000 General Reserve 40,000 Capitals A 160,000 B 80,000 320.00 462.600 C90.000 On the above date retired and following was agreed: (i) Buildings to be appreciated by 10 (ii) Provision for bad debts to be increased to 8 cm debitors (iii) Machinery to be depreciated by 15 (iv) Goodwill of the firm valued at OMR_20000 (v) 5 of the amount payable to was paid in Cash and balance was transferred to her Loom Account Required: a) You are required to show all the ledger accounts necessary to record the evaluation (b) Draw up a balance sheet as at 1 April 2020 Briefly describe the rules and laws governing partnership business in the Sultanate of Oman