Kanika, Disha and Kabir were partners sharing profits in the ratio of 2 : 1 : 1. On 31st March, 2016, their Balance Sheet was as under: Liabilities Amount (₹) Assets Amount (₹) Trade creditors 53,000 Bank 60,000 Employees' Provident Fund 47,000 Debtors 60,000 Kanika's Capital 2,00,000 Stock 1,00,000 Disha's Capital 1,00,000 Fixed assets 2,40,000 Kabir's Capital 80,000 Profit and Loss A/c 20,000 4,80,000 4,80,000 Kanika retired on 1st April, 2016. For this purpose, the following adjustments were agreed upon:(a) Goodwill of the firm was valued at 2 years' purchase of average profits of three completed years preceding the date of retirement. The profits for the year: 2013-14 were ₹ 1,00,000 and for 2014-15 were ₹ 1,30,000.(b) Fixed Assets were to be increased to ₹ 3,00,000.(c) Stock was to be valued at 120%.(d) The amount payable to Kanika was transferred to her Loan Account.​Prepare Revaluation Account, Capital Accounts of the partners and the Balance Sheet of the reconstituted firm.