P, Q, and R are partners sharing profits equally. At the time of R's retirement, assets and liabilities were revalued. Machinery value decreased by Rs. 10,000, Building increased by Rs. 25,000, and a provision for doubtful debts of Rs. 5,000 was created. Calculate the net profit or loss on revaluation and R's share of the profit or loss.
1
Profit Rs. 10,000; R's share Profit Rs. 3,333
2
Loss Rs. 10,000; R's share Loss Rs. 3,333
3
Profit Rs. 20,000; R's share Profit Rs. 6,667
4
Profit Rs. 10,000; R's share Profit Rs. 3,333.33 (approx)