A gasoline distributor had 100, 000 gallons of gasoline valued at $2.80/gallon. They bought 100, 000 more gallons at $2.70/gallon. and subsequently 100, 000 more gallons at $2.60 each After that. They sold 150, 000 gallons at $3.00 each. Their selling and administrative expenses are $10, 000 and their tax rate is 25%. W ill they pay more taxes if they value their inventory using FIFO or LIFO, and what will be the difference between the two methods