The following info is for Tractor Company's inventory disclosure: Raw materials and supplies Work in process Finished Goods Total FIFO Value Less adjustment to LIFO Inventories 2019 2018 $2,285 $2,233 747 776 4,613 4,777 7,645 7,786 1,670 1,637 5,975 6,149 Tractor uses the LIFO method for a majority of their inventory. If Tractor had used FIFO for all of their inventory, how much higher/lower would their Retained Earnings balance be at the end of 2019? Assume a constant tax rate of 21%. $350.7 higher $1,319.3 lower $350.7 lower O $1,319.3 higher