E6-18A. (Learning Objective 2, 3: Computing the tax advantage of LIFO over FIFO) Use the data for Kurt’s in Exercise 6-16A to illustrate Kurt’s income tax advantage from using LIFO over FIFO. Sales revenue is $6,800, operating expenses are $1,200, and the income tax rate is 35%. How much in taxes would Kurt’s save by using the LIFO method versus FIFO?