Given below is the Balance Sheet of A and B, who are carrying on partnership business as on March 31, 2003. A and B share profits in the ratio of 2:1 Balance Sheet of A and B as at March 31, 2003 C is admitted as a partner on the date of the balance sheet on the following terms: C will bring in RO. 100,000 as his capital and RO. 60,000 as his share of goodwill for 1/4th share in profits. Plant is to be appreciated to RO 120,000 and the value of buildings is to be appreciated by 10%. Stock is found overvalued by RO. 4,000. A provision for bad and doubtful debts is to be created at 5% of debtors. Creditors were unrecorded to the extent of RO. 1,000. Record the necessary journal entries and prepare the revaluation account and partners' capital accounts, and show the Balance Sheet of reconstituted firm