Lollar, Inc., is a giant provider of home furnishings. The company uses the FIFO inventory method. The following information was taken from the companys recent financial statements (dollar amounts are in thousands): Cost of goods sold $ 1,850,000 Income before taxes 125,000 Income taxes expense (and payments) 52,500 Net income 72,500 Net cash provided by operating activities 123,250 -------------------------------------------------------------------------------- The financial statements also revealed that had Lollar been using LIFO, its cost of goods sold would have been $1,865,000. The companys income taxes and payments amount to approximately 40 percent of income before taxes. b. Assuming that Lollar had been using LIFO, compute the following amounts for the current year. (Enter your answers in thousands of dollars. Omit the "$" sign in your response.) Income before taxes $ __________ Income taxes expense $ __________ Net income $ __________ Net cash provided by operating activities $ __________