At December 26, 2038, the company had a special, nonrecurring opportunity to purchase 40,000 units at $17 per unit. The purchase can be made and the units delivered on December 30, or it can be delayed until the fi rst week of January 2039. The company plans to make the purchase, due to the obvious cost savings involved. Sales for 2038 totaled 245,000 units. Team Debate: Team 1: Describe the fi nancial statement effects of making the purchase in 2038 as opposed to 2039. Argue for making the purchase during 2038. Defend the use of LIFO. Use the matching concept in your defense. Team 2: Given the fi nancial statement effects of the decision to purchase in 2038, argue against the use of LIFO and in favor of FIFO. Base your arguments on the conceptual framework, for example, representational faithfulness and neutrality. Use the matching concept in your argument