The Balance Sheet of Alka and Salma who share profits and losses in proportion to their capitals as at 31st March, 2018 was as follows:Balance Sheet(3)38,00025,00012,000AssetsLand and BuildingPlant and MachineryFurnitureVehiclesStockDebtorsCash in handLiabilitiesCreditorsBills PayableReserve FundCurrent A/cs:AlkaSalmaCapital A/cs:AlkaSalma(?)40,00027,0003,5002,70028,20081,1205.0809.0003.60060,00040.00012,6001,87,600Terms of Mala's admission were as follows:Mala will bring in 27,200 for her share of capital and goodwill.() Goodwill of the firm has been valued at 3 years' purchase of the average super profits of last four years. Average profits of the last four years are 22,000 which the normal returnthat can be earned with the capital employed are 10,000. (iii) The amount of goodwill was to be withdrawn by the old partners.(iv) Value of stock is reduced to 26,790.(u) Land and Building are to be valued at 44,800; Plant and Machinery at 23,600; Furniture at 3,080 and Vehicles at 1,600.(11) New profit-sharing ratio of partners will be 5:3:2. Pass Journal entries and prepare necessary accounts and new Balance Sheet. Also calculatesacrificing ratio.​