A and B are partners sharing profits in the ratio of 3 : 2. They admit C as a new partner from 1st April, 2019. They have decided to share future profits in the ratio of 4 : 3 : 3. The Balance Sheet as at 31st March, 2019 is given below: Liabilities ₹ Assets ₹ A's Capital 1,76,000 Goodwill 34,000 B's Capital 2,54,000 4,30,000 Land and Building 60,000 Workmen Compensation Reserve 20,000 Investment (Market value ₹ 45,000) 50,000 Investments Fluctuation Reserve 10,000 Debtors ​1,00,000 Employee's Provident Fund 34,000 Less: Provision for Doubtful Debts 10,000 90,000 C's Loan 3,00,000 Stock 3,00,000 Bank Balance 2,50,000 Advertising Suspense A/c 10,000 7,94,000 7,94,000 Terms of C's admission are as follows:(i) C contributes proportionate capital and 60% of his share of goodwill in cash.(ii) Goodwill is to be valued at 2 years' purchase of super profit of last three completed years. Profits for the years ended 31st March were:2017 − ₹ 4,80,000; 2018 − ​₹ 9,30,000; 2019 − ​₹ 13,80,000.The normal profit is ​₹ 5,30,000 with same amount of capital invested in similar industry.(iii) Land and Building was found undervalued by ​₹ 1,00,000.(iv) Stock was found overvalued by ​₹ 31,000.(v) Provision for Doubtful Debts is to be made equal to 5% of the debtors.(vi) Claim on account of Workmen Compensation is ​₹ 11,000.Prepare Revaluation Account, Partners' Capital Accounts and Balance Sheet.