Question One $(13$ Points$)$

Baha', Ahmad, and Sabri are partners in BAS Partnership with capital balances of $$60,000,$ $$150,000,$ and $$90,000,$ respectively. Profits and losses are shared in a $20$:$50$:$30$ ratio. Baha' decided to withdraw from the partnership, and the partnership revalued its assets. The value of merchandise inventory was decreased by $$30,000$ and the value of land was increased by $$60,000.$ In addition, partnership goodwill amounted to $$90,000.$ The partnership agreed to pay Baha' $$84,000$ for his withdrawal from the partnership, which includes his share of goodwill.

Required ${?}_{(})$

a$)$ Prepare the revaluation entry of merchandise inventory and land prior to Baha"s i withdrawal from partnership.