1 Ken Company's inventory records for its retall division show the following at August 31: (Click the icon to view the accounting records.) At August 31, 8 of these units are on hand. Ken Company calcuiated its cost of goods sold using LiFO as $2,073 and its cost of goods sold using FifO as \$1,006. Read the requirement. How much in taxes would Ken Company, save by using the LIFO method versus FIFO? Saies revenue is $6,900, operating expenses are 51,700 , and the ineome tax ra your answer to the nearest cent.) Difference in methods x income tax rate (entered as a whole number) Tax savings using LIFO