Pankaj, Naresh and Saurabh are partners sharing profits in the ratio of 3 : 2 : 1. Naresh retired from the firm due to his illness. On that date the balance sheet of the firm was as follws : Books of Pankaj, Naresh and Saurabh BALANCE SHEET as at March 31, 2007 Capital and LiabilitiesRsAssetsRsGeneral Reserve12,000Bank7,600Sundry Creditors15,000Debtors6,000Bills Payable12,000Less : Provision forOutstanding Salary2,200Doubtful Debts400––––5,600Provision for Legal Damages6,000Stock9,000Capitals :Furniture41,000Pankaj46,000Premises80,000Naresh30,000Saurabh20,000––––––––96,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,43,200––––––––––––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,43,200–––––––––––––––––––– Additional Information : (i) Premises have appreciated by 20%, stock depreciated by 10% and provision for doubtful debts was to be made 5% on debtors. Further provision for legal damages is to be made for Rs 1,200 and furniture to be brought up to Rs 45,000. (ii) Goodwill of the firm be valued at Rs 42,000. (iii) Rs 26,000 from Naresh's Capital account be transferred to his loan account bearing interest 12% p.a. and balance be paid through bank; if required, necessary loan may be obtained from Bank. (iv) New profit sharing ratio of Pankaj and Saurabh is decided to be 5 : 1. (v) Naresh decided that every year interest on his loan shall be used for educating a girl child from poor family. Give necessary ledger accounts and balance sheet of the firm after Naresh's retirement. Identify the values conveyed by Naresh.