(2) The home office of Sun Company, which uses the perpetual inventory system, bills shipments of merchandise to the moon branch at a markup of 25% on the billed price. On august 31,2006 the credit balance of the home office allowance for over valuation of inventories: moon branch ledger account was $ 60,000.on September 17,2006 the home office shipped merchandise to the branch at a billed price of $ 400,000. the branch reported an ending inventory at billed price of $ 160,000 on September 30,2006. Required: Prepare journal entries involving the allowance fo. overvaluation of inventories: moon branch on September 17 and 30, 2006.show supporting computations in the explanations for the entries.