Harrison Company, Inc. began operations on January 1, 2020, and applied the LIFO method for inventory valuation. On June 10, 2021, Harrison adopted the FIFO method of accounting for inventory. Additional information is as follows:

	Net Income Before Change in Principle				Cost of goods sold FIFO				Cost of goods sold LIFO
First quarter 2020	$	525,000			$	32,000			$	20,000
Second quarter 2020		600,000				29,000				20,000
Third quarter 2020		575,000				27,000				20,000
Fourth quarter 2020		650,000				25,000				20,000
	$	2,350,000			$	113,000			$	80,000
First quarter 2021	$	700,000			$	23,000			$	20,000
Second quarter 2021	$	750,000			$	21,000			$	20,000

The LIFO method was applied during the first quarter of 2021 and the FIFO method was applied during the second quarter of 2021 in computing income, above. Harrisons effective income tax rate is 40%. Harrison has 500,000 shares of common stock outstanding at all times.

Compute the after-tax effect of Harrisons change in inventory method.

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