Following is the Balance Sheet of Kusum, Sneh and Usha as on 31st March, 2018, who have agreed to share profits and losses in proportion of their capitals : Liabilities ₹ Assets ₹ Capital A/cs Land and Building 4,00,000 Kusum 4,00,000 Machinery 6,00,000 Sneh 6,00,000 Closing Stock 2,00,000 Usha 4,00,000 14,00,000 Sundry Debtors Employees' Provident Fund 70,000 Less: Provision for Doubtful Debts 2,20,000 Workmen Compensation Reserve 30,000 Cash at Bank 21,429 2,00,000 Sundry Creditors 1,00,000 2,00,000 16,00,000 16,00,000 On 31st March, 2018, Kusum retired from the firm and the remaining partners decided to carry on the business . It was agreed to revalue the assets and reassess the liabilities on that date , on the following basis:(a) Land and Building be appreciated by 30%.(b) Machinery be depreciated by 30%.(c) There were Bad Debts of ₹ 35,000.(d) The claim against Workmen Compensation Reserve was estimated at ₹ 15,000.(e) Goodwill of the firm was valued at ₹ 2,80,000 and Kusum's share of goodwill was adjusted against the Capital Accounts of the continuing partners Sneh and Usha who have decided to share future profits in the ratio of 3 : 4 respectively.(f) Capital of the new firm in total will be the same as before the retirement of Kusum and will be in the new profit-sharing ratio of the continuing partners .(g) Amount due to Kusum be settled by paying ₹ 1,00,000 in cash and balance by transferring to her Loan Account which will be paid later on.Prepare Revaluation Account , Capital Accounts of Partners and Balance Sheet of the new firm after Kusum's retirement.