X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 1 : 2 . On 31st March, 2018, their Balance Sheet was : Liabilities Amount (₹) Assets Amount (₹) Bills Payable 12,000 Freehold Premises 40,000 Sundry Creditors 28,000 Machinery 30,000 General Reserve 12,000 Furniture 12,000 Capital A/cs: Stock 22,000 X 30,000 Sundry Debtors 20,000 Y 20,000 Less: Provision for D. Debts 1,000 19,000 Z 28,000 78,000 Cash 7,000 1,30,000 1,30,000 Z retires from the business and the partners agree to the following :(a) Freehold Premises and Stock are to be appreciated by 20% and 15% respectively.(b) Machinery and Furniture are to be depreciated by 10% and 7% respectively.(c) Provision for Doubtful Debts is to be increased to ₹ 1,500.(d) Goodwill of the firm is valued at ₹ 21,000 on Z's retirement.(e) The continuing partners have decided to adjust their capitals in their new profit-sharing ratio after retirement of Z . Surplus/deficit, if any, in their Capital Accounts will be adjusted through Current Accounts.Prepare necessary Ledger Accounts and draw the Balance Sheet of the reconstituted firm.