A B and C who are presently sharing profits and losses in the ratio of 5 3 2 decide to share f...........

A, B and C who are presently sharing profits and losses in the ratio of 5 : 3 : 2 decide to share future profits and losses in the ratio of 2 : 3 : 5. Give the Journal entry to distribute 'Workmen Compensation Reserve' of 1,20,000 at the time of change in profit-sharing ratio, when:

i

no information is given; ii

there is no claim against it.