(20pts) A gasoline distributor had 110,000 gallons of gasoline valued at $2.80/ gallon. They bought 120,000 more gallons at $2.50/ gallon, and subsequently 100,000 more gallons split equally at $2.90 each. After that, they sold 180,000 gallons at $3.60 each. Their selling and administrative expenses are $25,000 and ir tax rate is 30%. Will they pay more taxes if they value their inventory using FIFO or LIFO, and what will be the difference between the two methods