JCB Company has two merchandise outlets, its main store and its JLM branch purchases are made by the main store and shipped to the branch at cost plus 10%. On January 1, 2019, the main store and JLM inventories were P17,000 and P4,950, respectively. During 2019, the main store purchased merchandise costing P50,000 and shipped 40% of it to JLM. At December 31, 2019 JLM made the following closing entry: Dr. Sales 40,000; Inventory 6,050; Cr. Shipments from Main Store 22,000; Expenses 13,100; Inventory 4,950; Main Store 6,000. If the main store inventory at December 31, 2019 is P14,000, what is the combined main store and branch inventory that should appear in JCB Company's December 31, 2019 balance sheet? A.P21,500 B.P20,050 C.P19,500 D.P18,950