PRO113 week statistics

Their Balance Sheet stood as follows on 31st December 2003.
Liabilities
Rs.
Assets
Rs.
Creditors
37,500
Cash at bank
22,500
Capital Account
Bill Receivable
3,000
A
40,000
Book Debts
16,000
B
10,000
Stock
20,000
Furniture
1,000
Building
25,000
87,500
87,500
They admitted C into partnership 1st January 2004 on the following terms:
(a) That C pays Rs. 10,000 as his capital for 1/5 share in the future profits.
(b) That goodwill for Rs. 20,000 is raised in the books of the new firm.
(c) That stock and furniture are reduced by 10% and that a 5% provision is made for likely bad debts
(d) That the value of the buildings is increased by 20% and
(e) That the capital Accounts of A and B are readjusted on the basis of their profit sharing ratios.
Required:
Pass the necessary journal entries and give the ledger Accounts and opening Balance Sheet of the new firm