-20A. (Learning Objective 2: Compare the tax advantage of LIFO over FIFO) Use the data for Cranwell Company in E6-18A to illustrate Cranwell's income tax advantage from E6-20A. E6-20A. (Learning Obje using LIFO over FIFO. Sales revenue is $7,700, operating expenses are $1,400, and the income tax rate is 25%. How much in taxes would Cranwell Company save by using the LIFO method versus FIFO? versus FIFO? l Company save by using the LIFO method