Haze Corporation periodic inventory system. The beginning balance of inventory is \$59,000 , which consists of the following layers (0LD)4,000 units at per unit (NEW)5.000 units at 7 per unit - 524, 000 35.000 During 2021.6,000 units were purchased at $8 per unit. During 2022, 7,000 units were purchased at per unit. Sales, in unitswere 7.000 and 12.000 during 2021 and 2022respectively. Assume 30% tax rate determine the aftertax LIFO liquidation profit or loss for 2021 700 after 700 77.000 after tax pront tax

Haze Corporation uses a LIFO periodic inventory system. The beginning balance of inventory is $59.000, which consists of the following layers: - $24,000 (OLD)4,000 units at $6 per unit (NEW)5,000 units at $7 per unit -$35,000 During 2021. 6,000 units were purchased at $8 per unit. During 2022.7.000 units were purchased at $9 per unit. Sales, in units, were 7,000 and 12.000 during 2021 and 2022, respectively. Assume 30% tax rate, determine the after-tax LIFO liquidation profit or loss for 2021 O $700 after-tax proht O $700 after-tax loss 577.000 after-tax profit $77,000 after a loss