Adjusting Balance Sheet and Income Statement for LIFO to FIFO

In its December $201910-$K$,$ Phillips $66$ reported the following information $($$ millions$).$

$2019$ Assets $2019$ Inventories $2019$ LIFO Reserve $2018$ LIFO Reserve Tax Rate

$$55,784$

$$3,587$

$$4,085$

$$2,755$

$22\%$

a$.$ Determine the necessary adjustments to the following balance sheet line items for $2019.$ Note: Round your answers to the nearest whole dollar.

$\backslash$table$[[,$Adjustment $($ $ in millions$)],[$Inventories$,4,085vv$