Company began operations on January 1. It purchased 3 shredders as part of its inventory. The first shredder had a cost of $36, the second one cost $43, and the third shredder cost $55. The company decided to use LIFO and sold 2 shredders in January. If the company had used FIFO, How much would gross profit for the period be greater or less than using the LIFO method? Options are: gross profit would be $19 greater, gross profit would be $12 less, or gross profit would be the same because only the inventory changes.