Kumar and Rao were partners in a firm sharing profits equally. They admitted Ghosh as a new partner for 1/4th share in profits. Ghosh acquired his 1/4th share from Kumar and Rao in the ratio of 3:2 respectively. Ghosh brought 2,70,000 for his capital and 39,000 for 1/4th share of goodwill. Calculate the new profit-sharing ratio of Kumar, Rao, and Ghosh and pass necessary Journal entries for the above transactions in the books of the firm