GHI Corporation Comparative Statement of Financial Position GHI Corporation Income Statemenmt Additional information: 1 Equipment with an original cost of $20,000 thousand that was 75% depreciated was sold during 2 No items impacted earnings other than net income and dividends. 3 If the FIFO method had been in use, inventories would have been $11,500 thousand and $10,900 thousand higher than reported at December 31, 2019 and 2018, respectively. 4 Long-term debts are issued at par. 5 The effective tax rate for 2019 and earlier periods is 25%. 6 The GHI's accounting standrad is the same as the tax standard. What is the difference between the GHI's cash conversion cycle in FIFO base and that in LIFO base? GHI's cash conversion cycle if FIFO were used - GHI's cash conversion cycle in LIFO = days. (Round to the nearest integer. If it is negative use -.) GHI Corp. prepares it financial statements in accordance with U.S.GAAP. Its inventory valuation method is LIFO. Assume all purchases and sales are on credit and there are 365 days in one year. Calculate the value of X in the income statement. GHI's financial statements are expressed in \$ thousand. X=$ thousand