The Visayas Company operates a branch in Mindanao. Operating data from the home office and the...

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The Visayas Company operates a branch in Mindanao. Operating data from the home office and the branch for 2013 are presented below: Sales Purchases Shipment to branch Shipment to home office Expenses Inventory, January 1: Home office Branch - Acquired from outsiders Acquired from home office billed price at 22% above cost Inventory, December 31: Home office Branch - Home office books 512,000 420,000 60,000 120,000 160,000 110,000 Acquired from outsiders Acquired from home office What is the combined comprehensive income (loss) of the home office and the branch? branch books 157,000 40,000 80,000 25,000 15,000 49,000 11,000 52,000 The Visayas Company operates a branch in Mindanao. Operating data from the home office and the branch for 2013 are presented below: Sales Purchases Shipment to branch Shipment to home office Expenses Inventory, January 1: Home office Branch - Acquired from outsiders Acquired from home office billed price at 22% above cost Inventory, December 31: Home office Branch - Home office books 512,000 420,000 60,000 120,000 160,000 110,000 Acquired from outsiders Acquired from home office What is the combined comprehensive income (loss) of the home office and the branch? branch books 157,000 40,000 80,000 25,000 15,000 49,000 11,000 52,000

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