Teddy and Tony are in partnership, sharing profit and losies it the rative 3 : 5 rapectively. The statement of financial position drawn up on 31 Depember 2022 showed the following position: Teddy retired as from 1 January 2023 and at the karne date Larry was admimed io the purtnendip. For the purpose of thele changes, the jemises were revaloed at 519500 , fixtants at 54,500 , inventory at 55,800 and goodwill was aprood it 510,000 . An allowance for docbefil deber of $200 is also to be creased. The new valations are to be inclasted in the beniness books but no goodwill aceounts is to be maintained. In the new purnembip, profits and losses will be fividend in the proportions 3:2 between Tony and Larry. Iarry will introdoce cash of $15,000 and Teddy is to receive payment for his capital in eakh, bet as oder caab is to change hunds between parthen in inplementing the change. Required: Prepure the above changes in revaleution account and the purtacr' cupital aseeunt