Barros Corporation's shipments to and Trom Its Brazil City Branch are billed at 12076 Of Cost. On December 31, Brazil branch reported the following data, at billed prices: inventory, January 1, of P33,600; shipments received from home office of P840,000; shipments returned of P48,000; and inventory, December 31, of P36,000. What is the balance of the allowance for over valuation of branch inventory on December 31 before adjustments