Cebu Branch submitted the following data tots home office in Manila for 2016, sfestyear of 2.300,000 Shirts from Home Office 100.000 235.000 Home One 4.000 Shonents to the branche bledat cost. The December 3 metary of the brand as P255.0 1. How much is the Net Income for the year 20167 3 points O 705.500 950.500 470.500 O 950.000 2. What is the balance of the Investment in Branch account on December 3points 31, 2016 on the Home office books? 480.000 950.500 470.500 O 950.000 Cebu Branch submitted the following data tots home office in Manila for 2016, sfestyear of 2.300,000 Shirts from Home Office 100.000 235.000 Home One 4.000 Shonents to the branche bledat cost. The December 3 metary of the brand as P255.0 1. How much is the Net Income for the year 20167 3 points O 705.500 950.500 470.500 O 950.000 2. What is the balance of the Investment in Branch account on December 3points 31, 2016 on the Home office books? 480.000 950.500 470.500 O 950.000