X, Y and Z were partners, sharing profits and losses in the ratio of 12,38, and 18 respectively. On 31st March, 2012, they agreed to dissolve their partnership firm when their position was as follows: LiabilitiesRsAssetsRsReserve Fund40,000Freehold Property1,80,000Loan by X30,000Machinery1,20,000Creditors80,000Book Debts 1,60,000Capitals:Less:Provision 10,000––––––––1,50,000 X 2,00,000Stock1,30,000 Y 1,50,000Cash20,000 Z 1,20,000––––––––––4,70,000Loan to Z20,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯6,20,000––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯6,20,000–––––––––– The assets were realised as follows : Freehold Property Rs 2,20,000; Machinery Rs 1.10,000; Book Debts 10% less; Stock Rs 1,20,000 and Goodwill Rs 40,000. The creditors were paid off at a discount of 2.5% and expenses of realisation amounted to Rs 5,000. Rent Rs 3,000 was outstanding and had to be paid. Prepare realisation account.