King Company's home office has the following transactions with one of its branch operations located in Baguio: 20xA Jan 1 The beginning Investment in Branch account holds a debit balance of P 86,000 Jan 2 Jan 6 The Home Office receives notice of a P 32,000 cash transfer deposited on Dec 31, 20xA by the Baguio Branch. The home office had made no previous recording. The home office ships P 30,000 in inventory to this branch at a P 34,500 transfer price. Jan 10 The home office pays P 1,000 monthly rent to the owner of the Baguio branch's building. This cost is assigned to the operations of the branch. Jan 12 The home office allocates P 3,000 of general corporate expenses to the branch. Jan 14 The home office ships P 40,000 in inventory to the Baguio branch at a transfer price of P 46,000. The branch erroneously records the shipment as P 64,000. Jan 31 The home office allocates P 3,000 in transportation costs to the branch. The assignment is not communicated to the branch until the successive month. Feb 1 Notification of a P 74,000 cash transfer is received by the home office. The deposit was made in Baguio. a. Compute for the unadjusted balance of Investment in Branch Account. b. Compute for the unadjusted balance of Home Office Account. c. Prepare a reconciliation statement showing the adjusted balances of both the Home Office Account and Investment in Branch Account.