The following is the Balance Sheet as on Mar 31, 2010 of a firm

Capitals of the partners are fixed by the deed, profits and losses are shared equally. The business is closed due to loss. The assets, except the bank balance, realised net Rs 1,15,000. R is insolvent and realisation expenses amounted to Rs 1,560. Show the final realisation and division amongst the partners. Apply Garner vs. Murray rule.

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Liabilities Rs Assets Rs Creditors 51,200 Bank Balance 2,750 Loans: Debtors 48,030 P 15,000 Stock 32,000 6,000 Machinery 14,300 Current Accounts Land and Buildings 42,000 P 10,600 Current Accounts - R 4,970 Q 1,250 Capital Accounts P. 30,000 Q 20,000 R 10,000 1,44,050 1,44,050 Liabilities Rs Assets Rs Creditors 51,200 Bank Balance 2,750 Loans: Debtors 48,030 P 15,000 Stock 32,000 6,000 Machinery 14,300 Current Accounts Land and Buildings 42,000 P 10,600 Current Accounts - R 4,970 Q 1,250 Capital Accounts P. 30,000 Q 20,000 R 10,000 1,44,050 1,44,050 Liabilities Rs Assets Rs Creditors 51,200 Bank Balance 2,750 Loans: Debtors 48,030 P 15,000 Stock 32,000 6,000 Machinery 14,300 Current Accounts Land and Buildings 42,000 P 10,600 Current Accounts - R 4,970 Q 1,250 Capital Accounts P. 30,000 Q 20,000 R 10,000 1,44,050 1,44,050 Liabilities Rs Assets Rs Creditors 51,200 Bank Balance 2,750 Loans: Debtors 48,030 P 15,000 Stock 32,000 6,000 Machinery 14,300 Current Accounts Land and Buildings 42,000 P 10,600 Current Accounts - R 4,970 Q 1,250 Capital Accounts P. 30,000 Q 20,000 R 10,000 1,44,050 1,44,050