The partnership between Red and Blue was dissolved on $31$st March, $2020.$ On that date the respective credits to the capitals were Red Rs $1,00,000$ and Blue Rs $60,000.$ Bills payable and sundry creditors of the firm were Rs $15,000$ and Rs $30,000$ respectively. The assets represented by the above realised Rs $1,60,000.$ The expenses on realisation were Rs $3,000.$Prepare necessary ledger accounts to close the books of the firm with necessary working.