Swifty Industries had the following inventory transactions occur during 2020: Units Cost/unit 2/1/201 Purchase 56 $48 3/14/20 Purchase 90 $49 5/1/20 Purchase 63 $49 The company sold 140 units at $70 each and has a tax rate of 40%. There is no beginning inventory. Assuming that a periodic inventory system is used, what is the company's after-tax income using FIFO? (rounded to whole dollars) O $2996 CO $1620 O $2940 O $1798