In a recent annual report, General Electric reported the following in its inventory note: December 31 (dollars in millions) Raw materials and work in progress Finished goods Current Year 5,613 2,813 252 Prior Year $5,325 2,576 277 o more questions lled shipments 8,678 (2,286) 8,178 (2,096) Less revaluation to LIFO LIFO value of inventories $ 6,392 $ 6,082 It also reported a $22 million change in cost of goods sold due to "lower inventory levels." Required 1. Compute the increase or decrease in the pretax operating profit (loss) that would have been reported for the current year had GE employed FIFO accounting for all inventory for both years. (Enter your answer in millions.) Pretax net income million