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The following data were taken from the records of Star Corporation of Manila and its Bulacan Branch for 2018: Manila Office P424,000 146,000 328,000 84,000

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The following data were taken from the records of Star Corporation of Manila and its Bulacan Branch for 2018: Manila Office P424,000 146,000 328,000 84,000 Bulacan Branch P126,000 17,800 Sales Inventory, Jan. Purchases Shipment to Branch Shipment from Home Office Inventory, Dec. 31 Expenses 57,000 52,800 P100,800 23,400 40,600 In 2018, Home Office billed the branch at 120% of cost which was lower by 5% than last year's. How much is the TRUE Branch Income? How much is the computed net income/ loss of the Home Office? How much is the computed gross profit of the branch

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