A and B are partners with profit sharing ratio of 3:1. C is admitted for 1/5th share and will bring capital Rs. 80,000 and premium for goodwill Rs. 20,000. Balance Sheet as on 31st March 2023 Liabilities Amt (Rs.) Asset Amt (Rs.) Creditors Bills Payable General Reserve Profit and Loss A/c Outstanding Expenses Capital A/cs A 1,00,000 B 1,00,000___ 2,00,000 40,000 40,000 20,000 20,000 2,00,000 5,20,000 Cash Bank Debtors Building Machinery Investment Patents Goodwill 30,000 50,000 60,000 2,00,000 1,00,000 40,000 20,000 20,000 5,20,000 Adjustments: (a) Building increased by 20% (b) Outstanding expenses valued at Rs.25,000. (c) Make 5% provision for discount on creditors (d) Patents are valueless. (e) Machinery is undervalued by Rs. 30,000. (f) Half the premium is withdrawn by old partners. (g) Capitals of A and B to be adjusted in the new ratio on the basis of C’s capital and the difference to be adjusted through current accounts. Prepare Revaluation A/c Partner’s Capital A/c and Balance Sheet.