The Balance Sheet of X, Y and Z who were sharing profits in ratio of their capitals stood as follows at 31st March, 2019: Liabilities Amount (₹) Assets Amount (₹) Sundry Creditors 13,800 Cash at Bank 11,000 Capital A/cs: Sundry Debtors 10,000 X 45,000 Less: Provision for Doubtful Debts 200 9,800 Y 30,000 Stock 16,000 Z 15,000 90,000 Plant and Machinery 17,000 Land and Building 50,000 1,03,800 1,03,800 Y retired on 1st April, 2019 and the following terms:(a) Out of the insurance premium debited to Profit and Loss Account, ₹ 1,500 to be carried forward as Prepaid Insurance.(b) Provision for Doubtful Debts to be brought up to 5% of Sundry Debtors.(c) Land and Building to be appreciated by 20%.(d) A provision of ₹ 4,000 be made in respect of outstanding bills for repairs.(e) Goodwill of the firm was determined at ₹ 21,600.Y's share of goodwill be adjusted to that of X and Z who will share profits in future in the ratio of 3 : 1. Pass necessary Journal entries and give the Balance Sheet after Y's retirement.