Please help me solve this. really confused with this one. Would be grateful if someone could help!

600000 XYZ Limited Statement of Comprehensive Income For the year ended on December 31, 2019 Sales revenue Less: Cost of Goods sold Opening inventory 50000 Purchases 400000 450000 Closing inventory 100000 Gross profit Other expenses Selling expenses 29000 Administrative expenses 53500 Interest expense 7950 Depreciation 30000 Operating profit before tax Tax Operating profit after tax Opening retained earnings Closing retained earnings 350000 250000 120450 129550 38865 90685 0 90685 300000 XYZ Limited Statement of Financial Position December 31, 2019 Current assets Cash 200000 Inventory 100000 Non-current assets Plant and Equipment 300000 Accumulated depreciation (30000) Land 350000 Total assets Current liabilities Bank overdraft 85000 620000 920000 239315 45000 369315 300000 Accounts payable Dividends payable Non-current liabilities Bank loan Total liabilities Net assets Represented by: Paid-up Capital Retained earnings 300000 669315 250685 160000 90685 250685 Notes (for Requirement 1): i) Inventory on hand at year end comprised 10000 units that cost Tk. 10 per unit. The replacement cost at year end was Tk. 11. The replacement cost of the units sold during the year was Tk. 375000. ii) The year-end replacement cost of the plant and equipment increased to 350000. The plant and equipment had an expected life of ten years with no residual value. Requirement 1: Prepare an Income statement and a Balance sheet with Current Cost Accounting method. Notes (for Requirement 2): i) Assume the closing inventory was sold at 31* December. XYZ bought the same amount of inventory at Tk. 88000 (with a retail price of Tk. 120000) ii) Inflation rate was 5 percent throughout the year. iii) Net market value of the plant an equipment was assessed to rise to Tk. 320000. Requirement 2: Prepare an Income statement and a Balance sheet using Continuously Contemporary Accounting (CoCoA). 600000 XYZ Limited Statement of Comprehensive Income For the year ended on December 31, 2019 Sales revenue Less: Cost of Goods sold Opening inventory 50000 Purchases 400000 450000 Closing inventory 100000 Gross profit Other expenses Selling expenses 29000 Administrative expenses 53500 Interest expense 7950 Depreciation 30000 Operating profit before tax Tax Operating profit after tax Opening retained earnings Closing retained earnings 350000 250000 120450 129550 38865 90685 0 90685 300000 XYZ Limited Statement of Financial Position December 31, 2019 Current assets Cash 200000 Inventory 100000 Non-current assets Plant and Equipment 300000 Accumulated depreciation (30000) Land 350000 Total assets Current liabilities Bank overdraft 85000 620000 920000 239315 45000 369315 300000 Accounts payable Dividends payable Non-current liabilities Bank loan Total liabilities Net assets Represented by: Paid-up Capital Retained earnings 300000 669315 250685 160000 90685 250685 Notes (for Requirement 1): i) Inventory on hand at year end comprised 10000 units that cost Tk. 10 per unit. The replacement cost at year end was Tk. 11. The replacement cost of the units sold during the year was Tk. 375000. ii) The year-end replacement cost of the plant and equipment increased to 350000. The plant and equipment had an expected life of ten years with no residual value. Requirement 1: Prepare an Income statement and a Balance sheet with Current Cost Accounting method. Notes (for Requirement 2): i) Assume the closing inventory was sold at 31* December. XYZ bought the same amount of inventory at Tk. 88000 (with a retail price of Tk. 120000) ii) Inflation rate was 5 percent throughout the year. iii) Net market value of the plant an equipment was assessed to rise to Tk. 320000. Requirement 2: Prepare an Income statement and a Balance sheet using Continuously Contemporary Accounting (CoCoA)