P and Q were partners in a firm sharing profits in the ratio of 5:3. On 1^st April they admitted R as a new partner for 1/8^th share in the profits with a guaranteed profit of Rs. 75,000. The new profit-sharing ratio between P and Q will remain the same but they agreed to bear any deficiency on account of guarantee to R in the ratio of 3:2. The profit of the firm for the year ended 31^st March was Rs. 4,00,000. Prepare Profit & Loss Appropriation Account of P, Q and R for the year ended 31^st March.