Martinez Company reported the following summarized annual data at the end of 2025 : -Based on an ending FIFO inventory of $260,000. The income tax rate is 30%. The controller of the company is considering a switch from FIFO to LIFO, She has determined that on a LIFO basis, the ending inventory would have been $205,000. Restate the summary information on a LIFO basis. What effect, if amy, would the proposed change have on Martinez's income tax expense. net income, and cash flows? If the company switch to LIFO: 1. Income tax expense will 2. Net income will 3. Cash balance will by $