Solve the following.

. FFF Company just opened a branch in Baguio City this February of the current year. Summary of transactions for the 1st month of operations follows: 0 Baguio Branch received P15,750 cash from home office to start its operations. a Home office shipped merchandise to the branch costing P100.000 at 25% mark-up on cost. of which 20% have not yet received by the branch. o Branch purchases from other suppliers amounted to P892530. a Branch sales for the month amounted to P245300. - Home ofce debit memo for P3500 representing the branch's share on advertising expenses was recorded only by the branch on the 3rd day of March. a Branch operating expenses of P61,250 were paid by the home office. a Branch remitted P29,750 to the home office but the home office recorded it only in March. a The inventory on hand of the branch is: from outsider P21.000 and from HO P37,500. Determine the following: a. Unadjusted and adjusted balance of Home Office account b. Unadjusted and adjusted balance of Branch account c. Net Income reported by the Branch d. True Income of the Branch