Given below is the Balance Sheet of A and B, who are carrying on partnership business on 31st March, 2019. A and B share profits and losses in the ratio of 2 : 1. BALANCE SHEET OF A AND B as at 31st March, 2019 Liabilities ₹ Assets ₹ Bills Payable 10,000 Cash in Hand 10,000 Creditors 58,000 Cash at Bank 40,000 Outstanding Expenses 2,000 Sundry Debtors 60,000 Capital A/cs: Stock 40,000 A 1,80,000 Plant 1,00,000 B 1,50,000 3,30,000 Building 1,50,000 4,00,000 4,00,000 C is admitted as a partner on 1st April, 2019 on the following terms:(a) C will bring ₹ 1,00,000 as his capital and ₹ 60,000 as his share of goodwill for 1/4th share in the profits.(b) Plant is to be appreciated to ₹ 1,20,000 and the value of building is to be appreciated by 10%.(c) Stock is found overvalued by ₹ 4,000.(d) A provision for doubtful debts is to be created at 5% of sundry debtors.(e) Creditors were unrecorded to the extent of ₹ 1,000.Pass the necessary Journal entries, prepare the Revaluation Account and Partners' Capital Accounts, and show the Balance Sheet after the admission of C.