esquire incorporated uses the lifo method to report its inventory. inventory at the beginning of the year was $780,000 (39,000 units at $20 each). during the year, 118,000 units were purchased, all at the same price of $29 per unit. 121,000 units were sold during the year. assuming an income tax rate of 25%, what is lifo liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements?