Esquire Incorporated uses the LIFO method to report its inventory. Inventory at the beginning of the year was $888,000 (37,000 units at $24 each). During the year, 114,000 units were purchased, all at the same price of $29 per unit. 117,000 units were sold during the year.

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?