AAA Hardware uses the LIFO method to report its inventory. Inventory at the beginning of the year consisted of 12,000 units of the companys one product. These units cost $12 each. During the year, 62,000 units were purchased at a cost of $15 each and 65,000 units were sold. Near the end of the fiscal year, management is considering the purchase of an additional 6,000 units at $15. Required: 1. What would be the effect of this purchase on income before income taxes? 2. What would be the effect of this purchase on income before income taxes using FIFO?