The Balance Sheet of X, Y and Z who were sharing profits in proportion to their capitals stood as follows at 31st March, 2018: Liabilities Amount (₹) Assets Amount (₹) Sundry Creditors 13,800 Cash at Bank 11,000 Capital A/cs: Sundry Debtors 10,000 25,000 X 45,000 Less: Provision for D. 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 retires on 1st April, 2018 and the following readjustments were agreed upon:(a) Out of insurance premium which was debited to the Profit and Loss Account , ₹ 1,500 be carried forward as Unexpired Insurance.(b) The Provision for Doubtful Debts be brought up to 5% o Debtors .(c) The Land and Building be appreciated by 20%.(d) A provision of ₹ 4,000 be made in respect of outstanding bills for repairs.(e) The goodwill of the entire firm be fixed at ₹ 21,600.Y's share of goodwill be adjusted to that of X and Z whoa re going to share in future profits in the ratio of 3 : 1 . Pass necessary journal entries and give the Balance Sheet after Y's retirement.