12) Black Corporation converts to S corporation status in 2022. Black used the LIFO inventory method in 2021 and had a LIFO inventory of $435,000 (FIFO value of $550,000 ) on the date of the s election. How much tax must be added to Black's 2021 corporate tax liability? a) $6,038 b) $115,000 c) $24,150 d) $0