Balance Sheet of X and Y , who share profits and losses as 5 : 3 , as at 1st April, 2017 is : Liabilities ₹ Assets ₹ X's Capital 52,000 Goodwill 8,000 Y's Capital 54,000 Machinery 38,000 General Reserve 4,800 Furniture 15,000 Sundry Creditors 5,000 Sundry Debtors 33,000 Employees' Provident Fund 1,000 Stock 7,000 Workmen Compensation Reserve 10,000 Bank 25,000 Advertisement Suspense A/c 800 1,26,800 1,26,800 On the above date, they decided to change their profit-sharing ratio to 3 : 5 and agreed upon the following :(a) Goodwill be valued on the basis of two years' purchase of the average profit of the last three years .Profits for 2014-15—₹ 7,500; 2015-16—₹ 4,000; 2016-17—₹ 6,500.(b) Machinery and Stock be revalued at ₹ 45,000 and ₹ 8,000 respectively.(c) Claim on account of workmen compensation is ₹ 6,000.Prepare Revaluation Account Partners' Capital Accounts and the Balance Sheeet of the new firm .