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Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2021, the FIFO cost of the ending inventory

Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2021, the FIFO cost of the ending inventory was $341,000, and the market value of the inventory was $289,850. The corporation switched to LIFO in 2022. If required, round your answer to the nearest dollar. As a result, how much must Shondee add to its gross income for each of the years 2022, 2023, and 2024? $fill in the blank 1 Feedback Area

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