A.B and C were carrying on business in partnership sharing profits and losses in the ratio of3:2.C continued his association with the firm as an adviser. The parties agreed that fromJuly1.20031. C was to be credited with a retainership fee of Rs.2000p.m. while he remained the adviser. .- 2. The partners decided to bring into the accounts of the firm the various assets which up tonow were unrecorded. The various assets on June 30, 2003 were: Goodwill Rs 60,000 officeequipment R$ 18,000 library books Rs 3,000.3. The values of the office equipment and library books were to be retained in the books butgoodwill was not to be recorded as a permanent asset.4. C's Capital Account was to bear the whole cost of Rs. 10,000 apayment on March 30,2003,forproviding an annuity for a long service employee who retired on that date.The firm's profit for the year ended september30, 2003,which is deemed to have accruedevenly, amounted to Rs.90,000 after deduction at the cost of the pension but before adjustingfor any of the events listed above. Other relevant figures are: Credit balances on CapitalAccounts(1-10-2002) A--Rs.45,000, R$ 35,000 and C-Rs 55,000.Drawings during the year ended 30-09-2003:A-Rs. 2000;Rs 9000 and CR5 6000.All entries relevant to partner's entitlements are effected in their Capital Accounts. You arerequired to write up, In columnar fram, the Capital Accounts of A, B and C for the year endedSeptember 30,2003 transferring the balance in C's Capital Accounts to C's Loan Account.​