Mohan and Sohan are in partnership sharing profits in the proportion of 3/5th and 2/5th respectively. Their Balance Sheet as at 31st March, 2019 was: Liabilities ₹ Assets ₹ Mohan's Capital 2,000 Plant 650 Sohan's Capital 1,000 3,000 Cash 650 Creditors 400 Debtors ​1,000 Less: Provision for Doubtful Debts 400 600 Stock 1,500 3,400 3,400 They admit Rohan to a 1/3rd share upon the terms that he is to pay into the business ₹ 1,000 as Goodwill and sufficient Capital to give him a 1/3rd share of the total capital of the new firm. It was agreed that the Provision for Doubtful Debts be reduced to ₹ 100 and the Stock be revalued at ₹ 2,000 and that the Plant be reduced to ₹ 500.You are required to record the above in the Ledger of the firm and show Balance Sheet of the new partnership.