The Balance sheet of Wijdan and Reem who shared profits and losses in the ratio of 3:2 was as follows on the 1st of January 2021. On this date Buthaina was admitted as a partner on the following conditions: - He was to get 4/15 share of profit - He had to bring in OMR 30,000 as capital - He would pay cash for goodwill which would be based on 21/2 years purchase of the profits of the past four years which was OMR 15,000; OMR 14,000; OMR 20,000 \& OMR 17,000 - W and R would withdraw half the goodwill premium brought in by B. - The assets would be revalued as: Sundry debtors at the book value less a provision of 5%, stock at OMR 20,000; Plant \& Machinery at OMR 40,000 and Patents at OMR 12,000 - Liabilities were valued at OMR 23,000, one bill for goods purchased having been omitted from the books Prepare the Revaluation account \& calculate the new profit sharing ratio and the sacrificing ratio