3. A HO invoices goods to its branch at cost plus 40% of the invoice price with the instructions to sell goods at invoice price. Following information in available for the year : 10 Opening Closing Branch Stock 50,000 20,000 Branch Debtors 20,000 25,000 Outstanding expenses 2,000 Prepaid Insurance 1,000 Transactions during the year : Goods sent to branch 1,50,000 Goods received by branch 1,40,000 2464/ MJ/1195/W 2 18,000 Cash for expenses Goods returned by debtors to branch Goods returned by branch to HO Bad debts Depreciation on branch furniture Prepare the Branch Account in the books of HO. 20,000 20,000 1,000 2,000