The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inventory of $21,800$ units consisted of the following, listed in chronological order of acquisition:

$12,900$ units at a cost of $$7\mathrm{.}00$ per unit $=$$$90,300$

$8,900$ units at a cost of $$8\mathrm{.}00$ per unit $=71,200$

During $2024,$ inventory quantity declined by $11,800$ units. All units purchased during $2024$ cost $$11\mathrm{.}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.

$\backslash$table$[[$LIFO liquidation profit,$$,31,700]]$