On $31$ st March, $2016$ the firm of Hari, Sabu and Ravi sharing profits and losses in the ratio $3$:$2$:$1$ had the following assets and liabilities.

Balance Sheet as at $31$st March $2016$

$\backslash$table$[[$Liabilities$,,,$Assets,,$],[$Bank ovendraft,,$7,000,$Cash $x,,10\mathrm{.}500],[$Creditors$,,22,000,$Debtors,$20,500,],[$Provident Fund,,$6,000,$Less: Prov, for Bad debts,$500,20,000],[$Hari$\text{'}$s Loan,,$5,000,$Stock,,$18,500],[$Mrs$.$ Ravi's l$$an$,,4,000,$Investments,,$12,000],[$Accident compensation fund,,$9,000,$Patent rights,,$8,000],[$Capital: Hari,$12,000,,$Goodwill,,$4,000],[$Sabu$,8,000,,$Profit & loss account $*($hos$),,6,000],[$Ravi$,6,000,26,000,,,],[,,79,000,,,79,000]]$

The firm is dissolved. Debtors, and stock realised $17,500$ and $16,500$ respectively. Patent Right and Goodwill are found valueless. Hari discharged Bank overdraft and Ravi agreed to discharge Mrs$.$ Ravi's loan. Creditors are paid $19,000$ in full settlement. Realisation expenses amounted to $4,500$ and is paid by Sabu. Liability on Accident Compensation had to be paid $3,000.$ Prepare accounts to close the books of the firm.