A, B & C are partners sharing profits in the ratio of 2:2:1. At the end of the year, the balance sheet shows the following information-
Capital accounts of partner- A ₹600000, B ₹480000 C ₹480000
General reserve= ₹440000
Workmen compensation reserve= ₹360000
Creditors= ₹240000
Land=  ₹800000
Building= ₹600000
Furniture= ₹240000
Debtors= ₹400000(including ₹20000 for provision)
Stock= ₹440000
Cash= ₹140000

What will be the new ratio between the remaining partners if C retires?

1:1

Old ratio= 2:2:1
Gaining ratio is not given so old ratio becomes new ratio is 2:2