B- The following ledger account was in the accounting records of the Habiba Branch of ABC Company on December 31, 2019: Home Office Explanation Debit Credit Balance Date 2019 pan. 1 Mar. 10 Balance 40,000 cr Cash remitted to home office 10,000 30,000 cr Merchandise returned to home office 2.650 27,350 cr 31 June Merchandise received from home office 14,400 41,750 cr 6 Oct. Cash received from home office 2,600 44,350 cr 10 Dec. Acquisition of fixtures 9,250 35,100 cr 20 Net income 7,770 42,870 er 31 The home office of ABC Company used the perpetual inventory system, and billed the branch for merchandise shipments at 20% above home office cost. Required: Prepare journal entries to record the above indicated transactions and events in the accounting records of the home office of ABC Company. (14 Marks)