Achal and Vichal were partners in a firm sharing profits in the ratio of 3 : 5. On 31st March, 2019, their Balance Sheet was as follows: Liabilities Amount (₹) Assets Amount (₹) Capital A/cs: Land and Building 4,00,000 Achal 3,00,000 Machinery 3,00,000 Vichal 5,00,000 8,00,000 Debtors 2,22,000 Creditors 1,79,000 Cash at Bank 78,000 Employees' Provident Fund 21,000 10,00,000 10,00,000 The firm was dissolved on 1st April, 2019 and the Assets and Liabilities were settled as follows:(a) Land and Building realised ₹ 4,30,000.(b) Debtors realised ₹ 2,25,000 (with interest) and ₹ 1,000 were recovered for Bad Debts written off last year.(c) There was an Unrecorded Investment which was sold for ₹ 25,000.(d) Vichal took over Machinery at ₹ 2,80,000 for cash.(e) 50% of the Creditors were paid ₹ 4,000 less in full settlement and the remaining Creditors were paid full amount.Pass necessary Journal entries for dissolution of the firm.