Opio and Opiso were in partnership, sharing profits or losses equally. Their statement of financial position as at 31 December, 2016 was as follows:

Non-current assets	Shs	Shs
Buildings		50,000,000
Machinery & tools		30,500,000
Delivery van		25,000,000
Investments		5,550,000
		111,050,000
Current assets:
Inventory	3,150,000
Accounts receivable	2,250,500
Bank	35,450,550	40,851,050
Total assets		151,901,050
Capital & liabilities:
Capital accounts:
Opio	28,000,000
Opiso	25,500,000	53,500,000
Un-appropriated profits
Current accounts:
Opio	(500,000)
Opiso	4,250,000	3,750,000
		83,726,050
Liabilities:
Non-current liabilities:
10% bank loan	25,000,000
5% SACCO loan	30,000,000	55,000,000
Current liabilities:
Accounts payable		13,175,000
Total capital & liabilities		151,901,050

Additional information:

1. Opiso retired and Opito was admitted on 31 December, 2016. To determine the amount due to Opiso, assets were revalued as follows:

Asset Shs

Buildings 55,500,000

Machinery & tools 28,000,000

Delivery van 23,750,000

Investments 6,000,000

Inventory 4,050,000

1. The value of goodwill was agreed at Shs 6,000,000
2. It was arranged that Opiso takes over the investments at Shs 6,000,000 as part payment of the amount due to him and the balance be settled in cash.
3. Opiso was to take his portion of un-appropriated profits and the balance to be maintained in the books.
4. Opio was to increase his capital by contributing Shs 2,000,000.
5. Opito was to contribute Shs 30,000,000 as his capital and the profit or loss was to be shared on the basis of the capital contribution of each partner.
6. The partnership uses the memorandum revaluation method to record goodwill in the books.

Required:

Prepare the following for the partnership as at 31 December, 2016:

1. Capital accounts (columnar format).
2. Current accounts (columnar format).
3. Revaluation account.
4. Opening statement of financial position for Opio and opito.

Hint: Show all your workings.