By M.re profilA, B and C were partners sharing profits and losses in the proportion of 2:2:1 respectively. Thebalance sheet of their firm as on 31st March, 2015, stood as follows:Balance Sheetas at 31st March, 2015000 anderest on20,000stood at10. FindLiabilitiesAmtAssetsAmtCapital A/csАB12 50015.00020.000StockMachineryMotor Van12.500175004.00022,5001.25047.500 Buidingsbelow:СCreditorsBills PayableGeneral Reserve10,000 Bank2,000 Debtors6,000 (-) Provision for Doubtfun Debts65,5008,000(250)7,750С65,500AmeioB retires on 1st April, 2015, subject to the following adjustments:(i) Provision for doubtful debts to be increased by 975.(ii) Stock to be appreciated by 20% and building by 10%.3. missionary to be depreciated by 10% and motor 1÷ 15% for goodwill of the firm to be valued at Rs.9000 5. the capitals of the continuing partners are to be adjusted according to the new profit sharing ratio which is agreed between a and c is 3:2respectively 4. excess or shortfall or in a andC is capital account to be transferred to their respective current accounts. You are required to prepare revaluation account partners capital account and balance sheet of the reconstituted form.