In a recent annual report, General Electric reported the following in its inventory note $ 5,603 2,863 246 8,712 2,226 6.486 $ 5,515 2,546 280 8,341 076 Raw materials and work in progress Finished goods Unbilled shipments Less revaluation to LIFO LIFO value of inventories S 6.265 It also reported a $23 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.) net $ 150 million increase 2. Compute the increase or decrease in pretax operating profit that would have been reported had GE employed LIFO but not reduced inventory quantities during the current year.(Enter your answer in millions.) t income before texes23iilo decrease