CASE 1: Calculate net monetary gain or loss form the following information related to year 2001. 1-1-2001 31-12-2001 Cash 3000 6000 Debtors 2000 500 Creditors 500 General Price Index 100 Assuming average price index for the year is 150 CASE 2: From the following information calculate historical and CPP adjusted cost of goods sold assuming FIFO method Opening stock 250000 (price index 100) Purchase! 150000 (price index 125) Purchase II 160000 (price index 150) Closing stock 185000 (price index 200) CASE 3: Bahwan automobile company was started on 1-1-1990 with a capital of OMR 200,000 and with the object of buying and selling cars. The dealer price of the car was OMR 40,000 on 1-1-1990 and OMR 50,000 on 31-12- 1990. The general price level increased by 20% during 1990. The company purchased 5 cars on 1-1-1990 and sold three cars during the year at an average price of OMR 70,000. Prepare income statement and balance sheet just by using above information as per HCCA, CPP and CCA methods. CASE 1: Calculate net monetary gain or loss form the following information related to year 2001. 1-1-2001 31-12-2001 Cash 3000 6000 Debtors 2000 500 Creditors 500 General Price Index 100 Assuming average price index for the year is 150 CASE 2: From the following information calculate historical and CPP adjusted cost of goods sold assuming FIFO method Opening stock 250000 (price index 100) Purchase! 150000 (price index 125) Purchase II 160000 (price index 150) Closing stock 185000 (price index 200) CASE 3: Bahwan automobile company was started on 1-1-1990 with a capital of OMR 200,000 and with the object of buying and selling cars. The dealer price of the car was OMR 40,000 on 1-1-1990 and OMR 50,000 on 31-12- 1990. The general price level increased by 20% during 1990. The company purchased 5 cars on 1-1-1990 and sold three cars during the year at an average price of OMR 70,000. Prepare income statement and balance sheet just by using above information as per HCCA, CPP and CCA methods