8. Seahawks Co uses a periodic LIFO system for its inventory. The inventory on hand at the beginning of 2019 is summarized below. Purchase Date 5/1/2018 10/29/2018 Units 25,000 10,000 Purchase Price Per Unit $75 $90 During the 2019, Seahawks purchased an additional 20,000 units of inventory for $100 each. Seahawks sold 35,000 units during 2019. What would be the effect on the taxes Seahawks paid for 2019 had it purchased at least as much inventory as it sold during 2019 (i.e., if Seahawks had avoided a LIFO liquidation)? Assume Seahawks pays a 25% tax rate on all income and could purchase additional inventory units in 2019 at $100 per unit