1) reconcile the investment and home office account in 31/12/2020 and journalize the required entries.

2) prepare consolidation income statement in 31/12/2020

3) prepare all closing entries in Niram company and its branch

4) prepare table of inflow inventory between Niram and the branch

The following are information about Niram company and its branch's 31/12/2020 (investment account, home office account and partial trial balance) Investment in farm branch beginning 120,000 shipment to goods 190,000 received cash 25,000 collection of branch account receivables 118,000 paid branch payable 22,000 operating expenses 15,000 depreciation expenses 5000 shipment goods 80,000 Total 432,000 143,000 Balance 289,000 Home office in farm book Beginning 120,000 goods from home 190,000 cash send 25,000 Equipment 60,000 receivables of home 61,000 cash send 50000 notes home 40,000 operating expenses 15,000 net income before adjustment 50,000 175,000 436,000 261,000 Trial balance in31/12/2020 Accounts Niram Farm Sales 1,150,000 485,000 Beginning 250,000 80,000 Purchased 840,000 shipment to 270,000 shipment from 190,000 Ending 260,000 20,000 total allowance for overvaluation 70,000 operating expenses 360,000 185,000 Deprecation 69,000 retained earning 480,000 Dividend 65,000 The following are information about Niram company and its branch's 31/12/2020 (investment account, home office account and partial trial balance) Investment in farm branch beginning 120,000 shipment to goods 190,000 received cash 25,000 collection of branch account receivables 118,000 paid branch payable 22,000 operating expenses 15,000 depreciation expenses 5000 shipment goods 80,000 Total 432,000 143,000 Balance 289,000 Home office in farm book Beginning 120,000 goods from home 190,000 cash send 25,000 Equipment 60,000 receivables of home 61,000 cash send 50000 notes home 40,000 operating expenses 15,000 net income before adjustment 50,000 175,000 436,000 261,000 Trial balance in31/12/2020 Accounts Niram Farm Sales 1,150,000 485,000 Beginning 250,000 80,000 Purchased 840,000 shipment to 270,000 shipment from 190,000 Ending 260,000 20,000 total allowance for overvaluation 70,000 operating expenses 360,000 185,000 Deprecation 69,000 retained earning 480,000 Dividend 65,000