Company C- The following ledger account was in the accounting records of the Habiba Branch of ABC on December 31, 2019: Debit Credit Balance Home Office Date Explanation 2019 Jan. 1 Balance Mar. 10 Cash remitted to home office 31 Merchandise returned to home office June 6 Merchandise received from home office Oct. 10 Cash received from home office Dec. 20 Acquisition of fixtures 31 Net income 10,000 2,650 14,400 2,600 40,000 cr 30,000 cr 27,350 cr 41,750 cr 44,350 cr 35,100 cr 42,870 cr 9,250 7,770 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. (9 Marks)