(Treatment of goodwill) A and B were partners sharing profits and losses in the ratio of 5: 3. C is admitted into their business as a third partner. The new ratio of A,B and C is 5: 3:2. C brings $25,000 for his share of capital. Goodwill already appears in the books of old firm at $60,000. Goodwill of the firm on the date of C's admission is valued at $50,000. However, C could not bring any amount for his share of goodwill. Journalise.