Ajay, Vijay ,Sanjay & Dhananjay are partners sharing profits in 3:3:2:2. Dhananjay retire & Ajay, Vijay, Sanjay decided to share future profit in 3:2:1. Goodwill of the firm valued at Rs.6,00,000.Goodwill already appear in the books at Rs.4,50,000. The profits for first year after Dhananjay?s retirement amount Rs.1,20,000. Pass Journal entries.