The Balance Sheet of RMU partnership firm Muscat is as follows, Partners share Profit and Losses as 5:2:3Balance Sheet as on 31st March 2019LiabilitiesAmt OMRAmt OMRAssetsAmt OMRAmt OMRCapital Account: Plan & Machinery 32,000R36,000 Building 40,000M32,000 Stock 20,400U17,600 Debtors16,800 Creditors20,000 Less: R. D. D.80016,000Bill Payable1,200 Bank 12,400General Reserve14,000 1,20,800 1,20,800M retired from the business on 1st April 2019 on the following terms. 1. The assets were revalued as under.i) Stock at OMR 28,000ii) Building is appreciated by 10%iii) R.D.D. is to be increased up to OMR 1000iv) Plant and Machinery is to be depreciated by 10%2. The Goodwill of retiring partner is valued at OMR 8000 and the remaining Partners decided that Goodwill be written back in their New Profit sharing ratio which will be 5:33. Amount due to M is to be transferred to her Loan AccountPrepare revaluation Account, Partners Capital Accounts and Balance SheetANSWER BELOW QUESTIONS