D begins the year with $. 800 cash and no other assets and liabilities. He buys two units of watches on Jan. 1 for $. 400 each and sells one on June 30 for $. 660. During the year. General price level has increased by 26.5% (15% in the first six months and 10% in the next six months). The current cost of a similar watch on Jan 1, for $. 400 was $. 580 on June 30 and $. 680 on Dec. 31. Show the Income statement and Balance Sheet under all methods.