Following is the Balance Sheet of A, B and C who share profits and losses of the business in the ratio of 3:2:1. BALANCE SHEET as at 31st March, 2016 Capital and LiabilitiesRsAssetsRsCapital A/cs:Furniture95,000 A 1,20,000Business Premises2,05,000 B 1,20,000Stock-in-Trade40,000 C 1,20,000––––––––––3,60,000Debtors28,000Sundry Creditors20,000Cash at Bank15,000Outstanding Salaries and Wages7,200Cash in Hand4,200¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯3,87,200––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯3,87,200–––––––––– On 1st April, 2016, they admit D as partner on the following conditions: (i) D will bring Rs 1,20,000 as his Capital and also Rs 30,000 as Goodwill premium for a quarter of the share in the future profit/loss of the firm. (ii) The values of the fixed assets and business premises of the firm will be increased by 10% before the admission of D. (iii) The future profits and losses of the firm will be shared equally by the partners. Show Journal entries, Revaluation Account, Partner's Capital Accounts and the opening Balance Sheet of the new firm to include the above-mentioned transactions assuming that the conditions were duly satisfied.