Can someone help answer this

Cranchey Company reported a LIFO ending inventory of $670,000 on its balance sheet at December 31, 2016. Cranchey's disclosure notes to the financial statements reported that the LIFO Reserve at December 31, 2015 was $32,000 and the LIFO Reserve at December 31, 2016 was $40,000. Which of the following statements is correct for Cranchey Company for the effect of the LIFO Reserve in 2016 n converting LlFo amounts to FIFO amounts? O Pretax income would have been higher by $32.000 under FIFo. O cost of goods sold would have been higher by $8.000 under FIFO. O pretax income would have been higher by $8,000 under FIFo. O Cost of goods sold would have been higher by $4000o under FIFO. 451 days Awage Days to sell imentory inventory Tumover