Mercado Ltd started its business with 21,000 in cash on 1 Jan 20X1, and immediately purchased 400 items of inventory at the price of 50 per item and put the remaining 1,000 in a bank account without any fees or interests. On 1 July 20X1, it sold all items at the price of 80 per item and received the payment in cash. The general price index during the year was as follows: What is the loss on cash for the year ends at 31 Dec 201 under current purchasing power accounting? Select one: a. 500 b. E2,000 c. 1,500 d. 8,000 e. 8,500