Chide's storage facility was shut down due to a strike in December 2020, resulting in a drastic reduction in inventory. The company had switched to LIFO effective January 1, 2020. The following data are available. Chide is on a calendar-year reporting basis. Units 40,000 900,000 940,000 Unit Cost $1.00 $1.25 Beginning inventory (Base layer of LIFO-January 1) Inventory purchases during 2020 Total available for sale Sales (valued on a LIFO basis) from: Purchases Base inventory layer Total Ending inventory (December 31, 2020) 900,000 20,000 $1.25 $1.00 920,000 20,000 What is the LIFO liquidation after-tax profit or loss assuming a 25% tax rate? Note: Indicate a loss with a negative sign. $ 0