Prepare the revaluation account, assets' account and partner's capital account for the NEW partnership as at $31$ December $2021.$

Profits losses sharing ratios proportionate to total capital of the partnership.

$MrM,$MrO and MrU

Statement of Financial Position as at $31$ December $2021$

$\backslash$table$[[$Non$-$CurrentAssets$],[$Freehold premises,$105,400,],[$Delivery van at book value,$13,520,],[$Furniture & fittings at book value,$17,847,137,767],[$Current Assets$],[$Stock$,9,986,],[$Trade debtors,$19,441,],[$Cash$,12,800,42,227],[,179,994],[$Current Liabilities$],[$Bank$,1,003,],[$Trade creditors,$6,545,],[$Insurance accruals,$1,644,],[$Short term loan from Miss Qistina,$7,500,16,692],[$Capitals:$],[$Mr$.$ M$,89,750,],[$Mr$.0,53,492,],[$Mr$.$ U$,20,060,163,302],[,179,994]]$

Additional information on asset, after the above Financial Position's date:

a$)$ The assets are revalued as follows:

Freehold premises

RM$95,200$

Delivery van

RM$18,400$

Stock

RM$7,377$

Furniture & fittings

RM$16,308$

b$)$ After the revaluation of non$-$current asset, the partnership purchases another RM$2,340$ of furniture and fittings at the book value.

c$)$ At the date of the above Financial Position, the partnership has agreed to accept Mr$.$Mou as a new partner with new profits losses sharing ratios of Mr$.$M $38\%,Mr\mathrm{.}022\%,$ Mr$.$U $6\%$ and, Mr$.$ Mou $34\%.$ The distribution pf profit or gain from the revaluation only applied prior to the admission of new partner.