The Balance Sheet of Excel Company Limited stood as follows on 31 March, 2020. each Balance Sheet of Excel Company Limited as on 31 March, 2020 Liabilities Amount (RS) Assets Amount (RS) 19.000 Shares of Rs 100 19.00.000 Land & Buildings 1,00,000 1.00.000 Machinery 2.60,000 Sundry Creditors 1.00.000 Furniture 20.000 Debentures Stock 3.70,000 Debtors 1.80,000 Goodwill 2.00.000 Profit & Loss Ale 9.70.000 21.00.000 21,00,000 The company is to be reconstructed as follows: Shares of Rs100 are to be reduced to an equal number of fully paid shares of Rs40 each. 2. To issue 1.000 new shares of R340 each as fully paid up to debenture holders in full settlement. 3. The amount available is to be utilized in writing off the goodwill and profit and loss account and the balance in writ9ng down the value of machinery. 4. Authorised capital of the company is 20.000 shares of Rs100 each. Give necessary journal entries: prepare Capital Reduction Account and Reconstructed Balance Sheet