Need typed Answer please don't give Answer in handwriting. difficult to read.

(Treatment of goodwill). A and B are partners sharing profits and losses in the ratio of 3: 2. They admit C on the condition that he will bring $20,000 as his share of goodwill in cash to be distributed between A and B. C's share in future profits will be 1/4th,which he acquires equally from A and B. Journalise