question 2C The conceptual framework states that there are two concepts of capital. Explain these two concepts,

2d)

Hargie limited commenced business on 1 January 2019 with a single item of inventory costing 120,000. During the year it sold the item for 180,000 in cash. Overall inflation was 10% but item specific inflation was 12%. Calculate the profit on the basis of each concept of capital maintenance and show the effect on the Equity of the company,