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Dalon Company imports and sells a product produced in Denmark. In the summer of 2020, the producer's plant was damaged by flooding, disrupting production and affecting Dalon's supply of product. Dalon uses the LIFO inventory method. On January 1, 2021, Dalon's inventory records were as follows: Year purchased Quantity (units) Cost per unit Total cost 2019 22,000 $60 $1,320,000 2020 5,000 $85 425,000 Total 27.000 $1,745,000 Through mid-December of 2021, purchases were limited to 40,000 units, because the cost had increased to $100 per unit. Dalon sold 50,000 units during 2021, at a selling price of $200 per unit, which significantly depleted its inventory. What would Dalon report in their footnotes for the dollar effect of the LIFO liquidation on gross profit for fiscal year ending December 31, 2021? In other words, how much higher is gross profit as a result of the LIFO liquidation? Note: your answer should be formatted as a whole number without currency symbols or punctuation