A company reports inveofory and cost of goods sold based on calculations from a LifO periodic ifventory system. The company's records undes this system reveal the following invemtory loyers at the beginning of 2024 (lsted in chronological order of acquistion) During 2024, 41,000 units were purchased for $30 per unt. Due to unexpected demand for the company's, product, 2024 sales totalec 49,000 units at various prices, leoving 28,000 units in ending inventory. Hequired: 1. Calculate the amount to tepont for cost of goods sold for 2024 . 2. Determine the amount of LIFO lquidation profit that the company must report in a disclosure note to its 2024 financial statements. Assume an inceme tax rate of 25% 3. If the compary decided to purchase an additional 8,000 units at $30 per unit st the end of the year, how much incame tax currenty poysble would be saved