Question 27 3.9 pts Daniel Company has used the LIFO method of inventory valuation since it started business 25 years ago The following are excerpts from Daniel's 2020 comparative financial statements: Balance Sheet Inventories LIFO Reserve 2020 2019 $750,000 $700,000 150,000 125,000 How much tax expense has Daniel saved in 2020 by using the LIFO method instead of the FIFO method? Assume Daniel's tax rate has remained constant at 30% O $7,500 O $210,000 $15,000 $45,000 O $225,000 3.9 pts