Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $792,000 (36,000 units at $22 each). During 2021, 112,000 units were purchased, all at the same price of $30 per unit. 116,000 units were sold during 2021. Assuming an income tax rate of 25%, what is LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements? LIFO liquidation profit (loss)