Arti, Bharti, and Seema are partners sharing profits in the ratio of 3:2:1. Bharti retires. After all adjustments, the capital balances of Arti and Seema are Rs. 70,000 and Rs. 40,000 respectively. They decide to adjust their capitals in their new profit sharing ratio (3:1) and the total capital of the firm will be the combined existing capital balances. Calculate the new required capital for Arti and Seema and the amount of cash to be brought in or withdrawn by them.
1
Arti new capital Rs. 82,500, Seema new capital Rs. 27,500; Arti brings in Rs. 12,500, Seema withdraws Rs. 12,500
2
Arti new capital Rs. 70,000, Seema new capital Rs. 40,000; No cash adjustment needed
3
Arti new capital Rs. 81,500, Seema new capital Rs. 27,500; Arti brings in Rs. 12,500, Seema withdraws Rs. 12,500
4
Arti new capital Rs. 80,000, Seema new capital Rs. 30,000; Arti brings in Rs. 10,000, Seema withdraws Rs. 10,000