please help me answer the following in good accounting form

1.On January 1, 2021, ABC Co. purchased 50,000 units at P100 per unit. During 2021, the entity sold 40,000 units at P180 per unit. The entity paid P700,000 for operating expenses. The current replacement cost of the inventory on December 31, 2021 is P150 per unit. What is the net income under current cost accounting for the year 2021?

2.Consider a firm with an EBIT of P552,000. The firm finances its assets with P1,020,000 debt (costing 5.7 percent) and 202,000 shares of stock selling at P11.00 per share. The firm is considering increasing its debt by P900,000, using the proceeds to buy back 77,000 shares of stock. The firm is in the 40 percent tax bracket. The change in capital structure will have no effect on the operations of the firm. Thus, EBIT will remain at P552,000. Calculate the EPS after the change in capital structure and indicate changes in EPS. (Round your answers to 2 decimal places.)*

3.

ABC Company operates in a hyperinflationary economy. Its statement of financial position as of December 31, 2021, follows: Property, plant and equipment 900,000 Inventory 2,700,000 Cash 350,000 Share capital (issued in 2017) 400,000 Retained earnings 2,350,000 Noncurrent liabilities 500,000 Current liabilities 700,000 The December 31 general price index moved in this way: 2017 100 2018 130 2019 150 2020 240 2021 300 The property, plant and equipment were purchased on December 31, 2020, and there is a six months' inventory held. The noncurrent liabilities were loans raised on March 31, 2021. How much Retained Earnings will be reflected in the Constant Peso Statement of Financial Position as of December 31, 2021?Part of the Financial Position of Candy Inc. as of Dec. 31, 2019 shows the following: Accounts Payable P 56,000 Bonds payable 500,000 Ordinary Share Capital (P100 550,000 par) 8% Preference Share Capital (P200 par) 300,000 10% Preference Share Capital(P200 par) 200,000 Share Premium - ordinary 25,000 Share Premium - Preference 50,000 Appropriations reserve 70,000 Accumulated Profits 230,000 Treasury shares - ordinary (P105/sh) (21,000) Total Equities P 1,960,000 Dividends are in arrears for two years. The 10% preference share capital is cumulative while the 8% preference share capital is participating up to 12%. If Candy Inc. is liquidated, how much would be received by Mr. Gwapo who holds 500 ordinary shares and 100 shares of 10% preference shares