A company reponts inventory and cost of goods sold based on calculations from a Lifo periodic imentory systom. The company's records under this system reveal the following inventory layers at the beginning of 2024 (isted in chronologleal order of acquisition): During 2024, 32,000 units were purchased for $30 per unit, Due to unexpected demand for the company's product, 2024 sales totaled 40,000 units at various prices, leaving 19,000 units in ending inventory. Pequired: 1. Calculate the amount to report for cost of goods sold for 2024. 2. Determine the amount of Lifo squldation proft that the company must report in a disclosure note to its 2024 financial statements. Assume an income tax rate of 25%. 3. If the company decided to purchase an odditional 8,000 units at $30 per unit at the end of the year, how much income tax currently payable would be saved