Team Team Describe the nancial statement effects of making the purchase in 2014 as opposed to 2015. Argue for making the purchase during 2014. Defend the use of LIFO. Use the matching concept in your defense. Given the nancial statement effects of the decision to purchase in 2014, argue against the use of LEFO and in favor of FIFO. Base your arguments on the conceptual framework for example, representational faithfulness and neutrality. Use the matching concept in your argument