Asin and Shreyas are partners in a firm. They admit Ajay as a new partner with 1/5^th share in the profits of the firm. Ajay brings Rs. 5,00,000 as his share of capital. The value of total assets of the firm was Rs. 15,00,000 and outside Liabilities were valued at Rs. 5,00,000 on that date. Give necessary Journal entry to record goodwill at the time of Ajay’s admission. Also show your workings.