Kanika, Disha and Kabir were partners sharing profits in the ratio of 2 : 1 : 1. On 31-3-2016, their Balance Sheet was as under :

Kanika retired on 1-4-2016. For this purpose, the following adjustments were agreed upon :

(a) Goodwill of the firm was valued at 2 years’ purchase of average profits of three completed years preceding the date of retirement. The profits for the year : 2013-14 were Rs.1,00,000 and for 2014-15 were Rs.1,30,000.

(b) Fixed assets were to be increased to Rs.3,00,000.

(c) Stock was to be valued at 120%.

(d) The amount payable to Kanika was transferred to her loan account. Prepare Revaluation Account, Capital Accounts of the partners and the Balance Sheet of the reconstituted firm.