Mayank and Ayush are planning to manufacture stuffed toys for utilizing waste material of one of their garment’s factories. They decided that this manufacturing unit will be set up in a rural area, so that people living in rural areas can have job opportunities.Their capital contributions were ₹ 5, 00,000 and ₹4, 00,000. Their profit sharing ratio is 5:3. For starting new venture they need of some additional fund. For meeting the additional fund, they decided to admit Vishal as a new partner. Mayank and Ayush sacrificed their share of profit in favour of Vishal. Mayank forgo ¼ th of his share and Ayush forgo 2/5th of his share. Vishal is admitted as per the agreement and he brought ₹200000 as his capital and ₹40000 as goodwill premium.At the time of admission of Vishal the old balance sheet of Mayank and Ayush had Advertisement Suspense A/c of ₹30,000 on the assets side and Profit and Loss A/c on liability side.Based on above text answer the following:1. What will be the new ratio? a) 5:3:3 b) 20:12:8 c) 1:1:1 d) 4:2:3 2. What is the goodwill of the firm? a) 40,000 b) 2,00,000 c) 50,000 d) 60,0003. What is the correct entry of Advertisement Suspense A/c? a) Advertisement Suspense A/c Dr 30000 To Mayank’s capital A/c 10000 To Ayush’s capital A/c 10000 To Vishal’s capital A/c 10000 (Being ……………………)b) Advertisement Suspense A/c Dr 30000 To Mayank’s capital A/c 15000 To Ayush’s capital A/c 15000 (Being ……………………)c) Mayank’s capital A/c Dr 18750 Ayush’s capital A/c Dr 11250 To Advertisement Suspense A/c 30,000 (Being ……………)There is no treatment at the time of admission4. What is the treatment of Profit and Loss A/c a) Credited to all partners’ capital A/c b) Credited to old partners’ capital A/c c) Credited to old partners’ capital A/c in their sacrificing ratiod) Debited to old partners’ capital A/c