Rs.Q 10. Red and White are partners in a firm sharing profits and losses in the ratioof 3: 2. On 1st July 2018 the position of the firm was as follows:LiabilitiesRs.AssetsRs.Capital Accounts:Buildings50.000Red1.50.000Machinery2.50,000White98,000Furniture40,0002,48,000 Stock60,000General Reserve84,000 Debtors92,000Sundry Creditors1.70,000 Cash12.0005.02,0005.02,000Blue joined the firm as a partner from this date and the following terms andconditions were agreed upon :(a) Red, White and Blue will share the future profits of the firm in the ratio of5:3 : 2 respectively.(b) Blue would pay first Rs. 10,000 as his share of Goodwill and this sum is tobe retained in the business.(c) The value of Machinery is to be increased by Rs. 20,000 and Stock is to bewritten-down by 10%.(d) Blue would introduce such an amount of capital in cash which should beproportionate to the combined capital accounts of Red and White after making alladjustments.It was decided that the Capital Accounts of Red and White would be adjustedon the basis of the Blue's Capital by opening Current Accounts. Show the CapitalAccounts of the partners and the Balance Sheet of the firm after Blue's admission​