Part I: Abc company incurred the following transaction during the month of January,2022 1. Cash of $100,000 was forwarded to Dessie Branch. 2. Dessie Branch purchased Equipment with a 10-years life for $30,000 cash. (recorded in Home Office books) 3. Received merchandise shipment from home office at the $35,000 home office cost. 4. The credit sales by Dessie Branch amount to $40,000 on account. The cost of the merchandise sold was $25,000. 5. Returned $3,000 of the merchandise acquired from the home office. 6. Payments for operating expense by Dessie Branch totaled $7,000 7. Collections of trade accounts receivable by Dessie Branch totaled $25,000. 8. Dessie Branch remitted $20,000 to the home office. 9. Operating expenses incurred by the home office and charged to Dessie Branch totaled $5,000.