A, B and C are partners in a firm, sharing profits and losses as A 1/3, B 1/2 and C 1/6 respectively. The Balance Sheet of the firm as at 31st March, 2018 was: Liabilities ₹ Assets ₹ Capital A/cs: Factory Building 50,000 A 30,000 Plant ad Machinery 40,000 B 40,000 Furniture 10,000 C 25,000 95,000 Stock 25,000 General Reserve 16,000 Debtors 18,000 Sundry Creditors 25,000 Less: Prov. for Doubtful Debts 500 17,00 Cash in Hand 8,500 1,51,000 1,51,000 ​C retires on 1st April, 2018 subject to the following adjustments:(a) Goodwill of the firm be valued at ₹ 24,000. C's share of goodwill be adjusted into the account of A and B who are going to share in future in the ratio of 3 : 2 .(b) Plant and Machinery to be depreciated by 10% and Furniture by 5%.(c) Stock to be appreciated by 15% and Factory Building by 10%.(d) Provision for Doubtful Debts to be raised to ₹ 2,000.You are required to pass journal entries to record the above transactions in the books of the firm and show the Profit and Loss Adjustment Account , Capital Account of C and the Balance Sheet of the firm after C's retirement.