2. The Investment in Branch account on the home office books of the Territory Co. and the Home Office Equity account on the branch books on January 31, are as follows: Investment in Branch. Ja Balance 62,815 Jan. 15 Remittance 10.600 n. 1 5 3,785 22 Returns 410 12 Shipments: 100 @ P37.85 Shipments: 200 @ P37.85 200 @ 44.95 Advertising chargeable branch Shipments 16,560 600 to 15 4,400 20 Home Office Equity 1 Ja Remittance 10.600 Jan. 1 Balance 62,815 n. 13 Returns 410 Shipments 3,785 18 8 16 20 16,650 Understatement of depreciation in prior year Remittance 22 540 16,000 Shipments Collection of home office account 750 31 Required: 1. Prepare a statement reconciling the reciprocal accounts as of January 31, 2. Prepare the necessary entries for the books of the home office as well as for the branch before combined statements can be prepared