The following data were from the records of Harry Inc. And its Bacolod Branch for 2019:

Home OfficeBacolod Branch

SalesP1,590,000P472,500

Inventory, January 1172,50066,750

Purchases1,230,000---

Shipments to branch315,000

Shipments from home office---378,000

Inventory, December 31213,75087,750

Expenses573,000152,250

In 2019, Home Office billed Bacolod branch at 120% of cost which was lower by 5% than last year's.

By what amount willthe retained earnings of the home office increase in its separate books?

By what amount will the reciprocal accounts in each of the separate statement of financial position of the home office and the branch increase/(decrease) at the end of the year?

In the published financial statments, the required balance of the Allowance for Overvaluation amount to

In the separate books of the home office, how much will be credited to Income SUmmary-Branch?