L, M and N were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Their Balance Sheet on 31st March, 2015 was as follows: Liabilities ₹ Assets ₹ Creditors 1,68,000 Bank 34,000 General Reserve 42,000 Debtors 46,000 Capital's A/cs: L 1,20,000 Stock 2,20,000 M 80,000 Investments 60,000 N 40,000 2,40,000 Furniture 20,000 Machinery 70,000 4,50,000 4,50,000 On the above date, O was admitted as a new partner and it was decided that:(i) The new profit-sharing ratio between L, M, N and O will be 2 : 2 : 1 : 1.(ii) Goodwill of the firm was valued at ₹ 1,80,000 and O brought his share of goodwill premium in cash.(iii) The market value of investments was ₹ 36,000.(iv) Machinery will be reduced to ₹ 58,000.(v) A creditor of ₹ 6,000 was not likely to claim the amount and hence was to be written off.(vi) O will bring proportionate capital so as to give him 1/6th share in the profits of the firm.Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the new firm.