Please answer the requirements.

Trial balances for the home office and the branch of the Queen Company shows the following items, before adjustment, on December 31. Differences in the shipments account balances results from the home office policy of the branch for merchandise at 20% above cost. HOME OFFICE BRANCH Unrealized inter-company inventory profit P 14,400 Shipment to branch 32,000 Purchases P 10,000 Shipment from home office 38,400 Merchandise inventory, Dec 1 60,000 Requirements: 1. What part of the branch inventory as of December 1 represented purchases from outsides and what part represented goods acquired from the home office? 2. Assuming that the branch ending inventory, is P40,000, composed merchandise from home office at billed price, P33,600 and merchandise from outsiders at cost, P6,400 what entry is necessary on the home office books to adjust the unrealized profit account at the end of the fiscal period