pls answer with solution

Comparative trial balances of the home office of HOH Corporation and its two branches at December 31, 2018 were as follows: Home Office CHI Branch MIN Branch Cash P5,000 P15,000 P22.000 Accounts Receivable 80.000 30,000 40,000 Inventories 150.000 60,00 0 48,000 CHI Branch 170,000 MIN Branch 165,000 Plant assets 250,000 200,000 Purchases 900,000 Shipments from home office 300,000 240,000 Expenses 300-000 25.000 50.000 Totals P2.500,000 P730,000 P600,000 Accounts payable P100,000 P45,000 P30,000 Other liabilities 80.000 15,000 5,000 Loading in branch inventories 108,090 Share capital, P10 par 500,080 Retained earnings 262.000 Home office 170,000 165,000 Sales 1,000,000 500,0 00 400,000 Shipments to branches 450 000 Totals P2.500 000 P730 000 2600.DO0 Additional information: Home Office and branch inventories at December 31, 2018 were: Home Office P120,000 CHI Branch (at billed prices) P72.000 MIN Branch (at billed prices) 96,000 1. How much net income will HOH Corporation report for year-ended 20187 P260,000 C. P220,000 b. P122,000 d. P595,000