ABOMINABLE VERY BAD Co. has several branches. On December 31, 20×1, the “Investment in Branch One” maintained by the home office shows a balance of ₱400,000 while the “Home office” account maintained by Branch One shows a balance of ₱568,000. The following information was determined:
        (a) Branch Two acquired equipment for ₱120,000 to be maintained in the books of the home office. This was recorded by the home office as a transaction with Branch One.
        (b) Branch One acquired equipment for ₱160,000 to be maintained in its books. This was not recorded by the home office.
        (c) Branch Four remitted cash collections of ₱40,000 to the home office which the latter failed to record.
        (d) The home office erroneously charged Branch One for a debit memo of ₱48,000 received from Branch Five.

        (e) Branch One reversed a previous debit memo from Branch Six amounting to ₱24,000. The home office decided that this charge is appropriately Branch Seven’s cost.

How much is adjusted balance of the “Home Office” account? (Complete solution please)