Radha, Sheela and Meena were in partnership sharing profits and losses in the proportion of 3:2:1. On April 1, 2017, Sheela retires from the firm. On that date, their Balance Sheet was as follows: Liabilities Amount Rs Assets Amount Rs Trade Creditors 3,000 Cash-in-Hand 1,500 Bills Payable 4,500 Cash at Bank 7,500 Expenses Owing 4,500 Debtors 15,000 General Reserve 13,500 Stock 12,000 Capitals: Factory Premises 22,500 Radha 15,000 Machinery 8,000 Sheela 15,000 Losse Tools 4,000 Meena 15,000 45,000 70,500 70,500 The terms were:a) Goodwill of the firm was valued at Rs 13,500.b) Expenses owing to be brought down to Rs 3,750.c) Machinery and Loose Tools are to be valued at 10% less than their book value.d) Factory premises are to be revalued at Rs 24,300.Prepare:1. Revaluation account2. Partner’s capital accounts and3. Balance sheet of the firm after retirement of Sheela.