I need help with #3 Income tax payable

Taylor Corporation reports inventory and cost of goods sold based on calculations from a LIFO periodic inventory system. The company's records under this system reveal the following inventory layers at the beginning of 2021 (listed in chronological order of acquisition): 19,000 units @1 $15 $ 285,888 24,000 units @1 $26 480,886 Beginning inventory $ 765,388 During 2021, 48,000 units were purchased for $25 per unit. Due to unexpected demand for the company's product, 2021 sales totaled 59,000 units at various prices, leaving 32,000 units in ending inventory. Required: 1. Calculate the amount to report for cost of goods sold for 2021. 2. Determine the amount of LIFO liquidation profit that the company must report in a disclosure note to its 2021 nancial statements. Assume an income tax rate of 25%. 3. lfthe company decided to purchase an additional 11,000 units at $25 per unit at the end of the year. how much income tax currently payable would be saved? -I -I _I Cost of goods sold 2 LIFO liquidation prot 3 Income tax payable