ollei The ABC Company, expecting that decreases in oil prices are only temporary, increases its quarterly purchases as the prices of oil decreases. ABC's quarterly oil purchases follow (5) Price/Barrel (Quantity (Barrel Period 25 30,000 First-quarter 20 37,500 Second-quarter 18 45,000 Third-quarter 15 60,000 Fourth-quarter Assumptions The company has no beginning inventory 1 Sales are 150,000 barrels for the year 2 ABC uses the LIFO inventory method 3 The company's tax rate is 405 4 Required Compute the difference in working capital (year-end) in dollar amounts that ABC would report under its present accounting method (LIFO), as compared with the use of the FIFO method (Lilo - Fifo