TB Problem 8-159 (Algo) The Foxworthy Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inventory of 42,000 units consisted of the following, listed in chronological order of acquisition: 25,000 units at a cost of $7.00 per unit = 17,000 units at a cost of $8.00 per unit = per unit: $175,000 136,000 During 2021, inventory quantity declined by 19,100 units. All units purchased during 2021 cost $9.00 per unit. Required: Calculate the before-tax LIFO liquidation profit or loss that the company would report in a disclosure note assuming the amount determined is material. Before-tax LIFO liquidation profit