A Head Office sends goods to its branch at cost plus 10%. On other sales the Head Office makes a uniform profit of 33⅓%. The Branch sells goods at a uniform profit of 25%. Following transactions took...

A Head Office sends goods to its branch at cost plus 10%. On other sales the Head Office makes a uniform profit of 33⅓%. The Branch sells goods at a uniform profit of 25%. Following transactions took place during the year ended 31st March, 2015: (I)                   Head Office purchases amounted to $ 7,32,000 and purchase returns were $ 30,825 and discounts allowed by suppliers amounted to $ 15,045. (II)                Sales by Head Office amounted to $ 5,40,000. Goods sent by Head Office to Branch at invoice price amounted to $ 2,72,250. Discounts allowed to customers were $ 4,950. (III)              Goods sent to Branch on 31st March, 2015 amounting to $ 33,000 were in transit. (IV)              Goods purchased by the Branch locally were of $ 91,312. (V)                Establishment and other expenses at Head Office were of $ 1,40,130 and at the Branch of $ 40,238. (VI)              Sales by the Branch amounted to $ 3,60,000; discount allowed to customers was $ 2,820 and cost of goods lost in transit was $ 4,005. (VII)            Stock of goods at the Branch as on 31st March, 2015 included goods received from Head Office for $ 57,750. Prepare a columnar Trading and Profit & Loss Account for Head Office and the Branch for the year ended 31st March, 2015.