McKinley Company's inventory records for its retail division show the following at August 31: (Click the icon to view the accounting records.) At August 31,10 of these units are on hand. McKinley Company calculated its cost of goods sold using LIFO as $2,257 and its cost of goods sold using FIFO as $2,160. Read the requirement. Requirement 1. How much in taxes would McKinley Company, save by using the LIFO method versus FIFO? Sales revenue is $6,825, operating expenses are $1,900, and the income tax rate is 35%. (Round your answer to the nearest cent.)