LIFO reserves: White Rose Company Reported year for analysis, 2013 2013 Net income as reported $ 45,200.000 2013 Inventory reserve 20,000,000 2012 Inventory reserve 28,000,000 2013 income taxes 14.000.000 2013 Income before income taxes 59,200,000 a) Compute the approximate income if inventory has been value at approximate current cost. (15%) c) Briefly explain the impact of increase (decrease) inventory reserve to net income. (5%)