hello! kindly help me with the answer of these problems and please do provide solutions to your answers. need it asap. thank you

6. Problem 1. On June 1. 2015. EliteFum Co. established an agency in Davao. sending samples costing P 4.200.000 which are useful until May 31. 2016 and have a salvage value of 20% of cost. A working fund of P 3.412.500 is to be maintained using the imprest basis. During 2015. the agency submitted to the home office sales order amounting to P 35.431500. Sales per invoice were P 215132.500 which was duly approved by the home ofce. Collections during the year amounted to P MEET-4.000 net of 4% sales discount. The cost of merchandise sold during the year is equal to 10% of the gross selling price. Vouchers for expenses amounted to P 1.831.500. How much net income would be reported by the EEC agency on December 31. 2015? * [32]] (3 Points} Enter your answer T. Problem 2. A home office ships inventory to its branch at a markup of 125% above cost. The required allowance for the overvaluation account is P 1.425.000. During the year. the home office sent merchandise to the branch costing P 9.000.000. At the start of the year. the branch's Statement of Financial Position shows. P 1.000.000 of inventory on hand that was acquired from the home ofce. By what amount will the Allowance for Unrealized Gross Margin in Branch inventory account be debited at the end of the year? 1' (3 Points}