given allowance for overvaluation for inventory: maria branch ledger account on january 1, $60,000 the home office bills shipments of merchandise to the branch at a markup of 25% on billed price. on january 17th, the home office shipped merchandise the home office ships merchandise to the branch at billed price of $400,000, the branch reported an ending inventory at billed price of $160,000 at january 31 and the total amount of allowance for overvaluation for inventory in january 31...............................