A company commenced trading on 1 January 2010 with capital in cash of 3000, acquired 6 items of inventory for resale at 500 per item but only 50% of the inventory was sold, the sales taking place in the middle of the first month's trading and the selling price being 900 per item. All transactions are on a cash basis and inventory valuation is based on FIFO. General Index: 01-01-2010 15-01-2010 month) 31-01-2010 100 112 (assume this is the average rate for the 130 Replacement cost of inventory per item: 610 700 15-01-2010 31-01-2010 Requirement: Prepare a statement of comprehensive income for the first month of trading and a statement of financial position as at the end of the month for each model: 1. HCA-historical cost accounting 2. CPPA - Current purchasing power accounting 3. RCA/CCA - Replacement cost accounting aka Current cost accounting