Analyzing an Inventory Footnote Disclosure General Electric Company reports the following footnote in its 10-K report. The company reports its inventories using the LIFO inventory costing methoo December 31 (in millions) Raw materials and work in process Finished goods Unbilled shipments 2015 2014 $13,415 $9,963 8,199 6,982 628 755 22,243 17,701 206 (62) $22,449 $17,639 Less revaluation to LIFO (a) What is the balance in inventories reported on GE's 2015 balance sheet? (million) (b) What would GE's 2015 balance sheet have reported for inventories had the company used FIFO inventory costing? (million)