4. Mr. Ahmed and Mr. Zuhair are partners sharing profits and losses in the ratio of 4:3. Their Balance sheet as on 31st March 2020 is as follows. Balance Sheet Liabilities Amount (RO) Assets Amount (RO) Capital Accounts: Cash in hand 12,500 Mr. Ahmed 200,000 Cash at Bank 30,000 Mr. Zuhair 100,000 Stock 75,000 General Reserve 100,000 Plant & Machinery 62,500 Sundry Creditors 150,000 Land & Buildings 250,000 Accounts Payable 50,000 Furniture 20,000 Mr. Rahim's Loan A/C 200,000 Tools & Equipment 50,000 Accounts Receivable 100,000 Sundry Debtors 175,000 Profit & Loss A/C 25,000 Total 800,000 Total 800,000 On 1st April 2020, they agreed to admit Mr. Abbas into the firm for 1/5th Share of future profits on the following terms: a) Building is revalued at RO 300,000 b) Stock is revalued at RO 53,750 c) Goodwill is raised at RO 100,000 d) Provision for bad debts is made at 7.5% e) Provision for Outstanding Liability is to be created @ RO 5,000 f) Mr. Abbas is to bring in a Capital of RO 125,000 but he was unable to bring the amount of Goodwill. Record the necessary journal entries, Prepare Revaluation account, Capital Accounts and the Balance Sheet of the reconstituted firm