Crane Company uses the LIFO periodic method for financial reporting purposes but FIFO for internal reporting purposes. At January

$1,2025,$ the LIFO reserve has a credit balance of $$1,300,000.$ At December $31,2025,$ Crane's internal reports indicated that the FIFO

inventory balance was $$2,863,800$ and for external reporting purposes the LIFO inventory balance was $$1,456,400.$

$($a$1)$

What is the amount of the LIFO reserve and the LIFO effect related to $2025?$

LIFO reserve at December $31,2025$$

LIFO effect for $2025$

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