At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $15.20 per unit:

Transactions, Units, Amount

Inventory, January 1 560 $ 1,792

Purchase, January 12 540 2,808

Purchase, January 26 140 1,008

Sale (420)

Sale (200)

3. Between FIFO or LIFO, which method would result in the lower income tax expense? Assume a 30 percent average tax rate. (Round your answer to 2 decimal places.)