X, Y and Z are partners in a firm sharing profits and losses as 5 : 4 : 3 . Their Balance Sheet as at 31st March, 2018 was : Liabilities ₹ Assets ₹ Sundry Creditors 40,000 Cash at Bank 40,000 Outstanding Expenses 15,000 Sundry Debtors 2,10,000 General Reserve 75,000 Stock 3,00,000 Capital A/cs: Furniture 60,000 X 4,00,000 Plant and Machinery 4,20,000 Y 3,00,000 Z 2,00,000 9,00,000 10,30,000 10,30,000 From 1st April, 2018, they agree to alter their profit-sharing ratio as 4 : 3 : 2 .It is also decided that :(a) Furniture be taken at 80% of its value .(b) Stock be appreciated by 20%.(c) Plant and Machinery be valued at ₹ 4,00,000.(d) Outstanding Expenses be increased by ₹ 13,000.Partners agreed that altered values are not to be recorded in the books and they also do not want to distribute the General Reserve .You are required to pass a single journal entry to give effect to the above . Also, prepare Balance Sheet of the new firm.