Skysong Company uses the LIFO periodic method for financial reporting purposes but FIFO for internal reporting purposes. At January 1, 2025, the LIFO reserve has a credit balance of \$978,900. At December 31, 2025, Skysong's internal reports indicated that the FIFO inventory balance was $2,711,600 and for external reporting purposes the LIFO inventory balance was $1,634,100. (a1) Your answer is incorrect. What is the amount of the LIFO reserve and the LIFO effect related to 2025? LIFO reserve at December 31,2025$ LIFO effect for 2025