Arun, Karun and Varun were partners in a firm sharing profits in the ratio of 5:3:2. Purchased goodwill appearing in their books at 290,000. Karun retired on 31* March 2023 from the firm. On the date of his retirement, the firm's self-generated goodwill was valued at 2,40,000. The new profit-sharing ratio between Arun and Varun was 2:3. Pass necessary journal entries for Goodwill on Karun's retirement. 3