In the preparation of its financial statements the Chelmsford Corporation uses FIFO inventory costing. In the preparation of its federal tax return the Corporation uses LIFO inventory costing. For the year ended December 31 the following information was available from the Corporation's financial statements distributed to owners.

Sales	$700,000
Cost of Goods Sold	$388,000
Operating Expenses	$268,000
Other Revenues and (Expenses)	$6,000
Income Taxes Expense	$20,000
Net Income	$30,000

For the year ended December 31 the following information was available from the Corporation's federal income taxes return.

Sales	$700,000
Cost of Goods Sold	$400,000
Operating Expenses	$268,000
Other Revenues and (Expenses)	$6,000
Income Taxes Expense	$15,200
Net Income	$22,800

Calculate how much more cash the Corporation has available to use by using LIFO inventory costing for tax purposes instead of using FIFO.

	a.	$12,000
	b.	$4,800
	c.	$7,200
	d.	$0