1. Correct net income - Alpha Branch is?

2. Correct net income - Delta Branch is?

3. Adjusted balance of unrealized profit-branch inventories at December 31, 2020, is?

4. Cost of sales that must appear on the published financial statements of SINOVAC Corp. on December 31, 2020 ?

5. How much is the shipments in transit that Alpha Branch failed to record?

6. How much is the shipments in transit that Delta Branch failed to record?

7. Ending inventory at cost of Alpha Branch is?

8. Ending inventory at cost of Delta Branch is?

9. The ending inventory of SINOVAC Corp. at December 31, 2020, is?

10. Adjusted cash balance of home office is?

11. Adjusted cash balance of Alpha Branch is?

12. Adjusted cash balance of Delta Branch is?

13. How much is the beginning inventory of SINOVAC Corp.?

The trial balances of SINOVAC Corp. and its two branches, Alpha and Delta as of December 31, 2020 are presented below. Additional information: 1. Ending inventories excluding the goods in transit (for branches) are P32,000. P8,400 and P4,800 for the Home Office, Alpha and Delta, respectively. 2. Cash of P2,000 was sent by the home office to Alpha and is yet to be received by Alpha as at December 31, 2020. Cash sent in the amount of P4,000 by Delta to home office is yet to be received by the home office as at December 31, 2020. 3. Unrealized profit account represents allowance for overvaluation in beginning inventories of Alpha and Delta. Home Office Alpha Branch Delta Branch 18,000 30,000 36,000 200,000 50,000 68,000 5,000 12,000 7,200 42,800 Cash Accounts receivable Inventory, 1/1/20 PPE and Intangibles Branch Current - Alpha Branch Current - Delta Shipments from HO Purchases Operating Expenses 15,000 26,000 5,400 47,600 30,000 27,000 120,000 78,000 600,000 35,000 132,000 40,000 161,000 10,000 30,000 40,000 200,000 41,900 Accounts payable Share capital Retained earnings Home office Shipments to Alpha Shipments to Delta Unrealized profit - branch inventories Sales 42,000 61,000 36,000 30,000 2,100 250,000 600,000 80,000 132,000 70,000 161,000