ohn Company uses LIFO inventory valuation method and reports the following: 2019 Assets 2019 Inventory 2019 LIFO Reserve 2018 LIFO Reserve $88,080 $5,664 $6,450 $4,350 Assume a tax rate of 25%. Convert to FIFO financial statements. Assume LIFO is allowed for tax purposes. Required: a. Calculate the amount by which the following income statement items will increase or decrease for 2019: CGS, Pretax income, Tax expense, and N