Question 1 Incorrect Mark 0.00 out of 3,00 Flag question Edit question LIFO Reserve: Restating Financial Statements. The following information is taken from the annual report of the Walgreens Boots Alliance, Inc.: (in millions) 2015 2014 Cost of goods sold $ 84,297 $ 62,600 Net income before tax 6,088 4,334 Ending inventory 9,455 6,853 Inventory reserve 3,277 3,077 Walgreens uses LIFO to value its inventory. Restate the company's financial results for 2015 assuming the use of the FIFO method. Assume an effective tax rate of 30%. Enter answers in millions. Cost of goods sold $ Net income before tax $ Ending inventory $ 2015 76,320 X 0 x 0X