Their Baland and Y are partners in a firm. They share profits and losses in the ratio of 2:1.

| Liabilities | ₹ | Assets | ₹ |
|---------------------------------------|------------|-------------------------------------|------------|
| Capitals: | | | |
| - X | 1,40,000 | Plant and Machinery | 1,75,000 |
| - Y | 1,00,000 | Furniture and Fixture | 65,000 |
| Workmen Compensation Reserve | 40,000 | Stock | 35,000 |
| Creditors | 1,50,000 | Bills Receivable | 12,000 |
| Bills Payable | 10,000 | Debtors | 1,03,000 |
| | | Less: Provision for Doubtful Debts | (50,000) |
| | | Cash & Bank Balance | 7,000 |
| |------------| |------------|
| | 4,40,000 | | 4,40,000 |

Z is admitted in the partnership. X surrenders [tex]\(\frac{2}{5}\)[/tex] of his share and Y surrenders [tex]\(\frac{1}{5}\)[/tex] of his share in favour of Z. The following information is given about the firm:

1. Plant and Machinery is reduced by ₹ 35,000 and furniture and fixture is reduced to ₹ 58,500.
2. Provision for bad and doubtful debts is to be increased by ₹ 3,000.
3. Actual liability for workmen compensation claim is ₹ 16,000.
4. A liability of ₹ 2,500 included in creditors is not likely to arise.
5. Z's share of goodwill is valued at ₹ 40,000 but he is unable to bring it in cash.
6. Z is to bring in capital proportionate to his share after all adjustments.

Prepare the Revaluation Account, Capital Accounts, and Balance Sheet. Also, calculate the new profit-sharing ratio.