On Dec.3 ,2021,the Home Office Account in DVO Branch has a balance of P75,000.The differences with the HO current account in DVO Branch may be due to:

1. Home office inventory shipment to the branch on December 20 recorded by the branch in January, 2022 at cost of P30,000

2. Inventory costing P45,000 was sent to the branch by the home office on December 27. The billing was at cost, but the branch recorded the transaction at P48,200.

3. P8,000 branch remittance to the home office in December was recorded on the HO books on January 2022

4. P12,500 marketing expenses incurred by the home office of which P5,000 is allocated to the branch. The branch has not recorded this transaction.

What is the reconciled amount of the Home Office and Investment in Branch Accounts?

a. 114,800

b. 106,800

c. 61,800

d. 113,200