A, B and C were partners in a firm sharing profit in the ratio of 3:2:1. On 31-3-2015 their Balance sheet was as follows:

On the above date D was admitted as a new partner and it was decided that
(i) The new profit sharing ratio between A, B, C and D will be 2:1:1:1.
(ii) Goodwill of the firm was valued at ₹ 90,000 and D brought his share of goodwill premium in cash.
(iii) The Market value of investments was ₹24,000.
(iv) Machinery will be reduced to ₹29,000.
(v) A Creditor of ₹ 3,000 was not likely to claim the amount and hence to be written off.
(vi) D will bring proportionate capital so as to give him 1/6th share in the profits of the firm. Prepare Revaluations Account, Partner’s Capital Accounts and Balance Sheet of the reconstitute firm

Working Notes:
WN1: Calculation of Sacrificing Ratio
Sacrificing Ratio = Old Ratio - New Ratio

WN2: Adjustment of Goodwill
D's Share of Goodwill
15,000 will be credited to A's Capital A/c, as he is the only sacrificing partner

WN3: Calculation of D's Proportionate Capital
Adjusted old Capital of A = 60,000 + 10,500 + 15,000 -4,500 = 81,000
Adjusted Old Capital of B = 40,000 + 7,000 -3,000 = 44,000
Adjusted Old Capital of C = 20,000+3,500 -1,500 =  22,000
Total Adjusted Capital= 81,000 + 44,000 + 22,000 = 1,47,000
D's Proportionate Capital = Total Adjusted Capital x D's Profit Share x Reciprocal of Combined New Share of Old Partners