The Balance Sheet of A, B and C who were sharing profits in proportion to their capitals stood as follows as at 31st March, 2012 : Capital and LiabilitiesRsAssetsRsSundry Creditors6,900Cash at Bank5,500Investments Fluctuation Reserve7,500Sundry Debtors5,000Capital Accounts :Less : Provision(100)––––––4,900A18,000Stock8,000B13,500Investments11,500C9,000––––––40,500––––––––Land and Building25,00054,900––––––––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯54,900–––––––––––––––– B retired on 1st April, 2012 and the following was agreed upon : (i) That stock be depreciated by 6%. (ii) That the Provision for Doubtful Debts be brought up to 5% on Debtors. (iii) That Land and Buildings be appreciatd by 20%. (iv) That a provision of Rs 770 be made in respect of outstanding legal charges. (v) Investments are brought down to Rs 8,500. (vi) That the Goodwill of the entire firm be fixed at Rs 10,800 and B's share of goodwill be adjusted into the accounts of A and C who are going to share future profits in the ratio of 5 : 3. (vii) That the entire capital of the firm as newly constituted be fixed at Rs 28,000 between A and C in the proportion of 5 : 3 (actual cash to be brought in or paid off, as the case may be). Pass Journal entries and show the Balance Sheet after transferring B's share to a separate Account in his name.