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%. .Will they pay more taxes if they value their inventory using FIFO or LIFO, and pay what will be the difference between the two methods