The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inventory of 23,400 units consisted of the following, listed in chronological order of acquisition: 13,700 units at a cost of $8.00 per unit = $109,600 9,700 units at a cost of $9.00 per unit = 87,300 During 2021, inventory quantity declined by 13,400 units. All units purchased during 2021 cost $12.00 per unit. Required: Calculate the before-tax LIFO liquidation profit or loss that the company would report in a disclosure note, assuming the amount