The Foxworthy Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning mventory of 66,000 units consisted of the following, listed in chronological order of acquisition: 37,000 units at a cost of $5.00 per unit- 29,000 units at a cost of $6.00 per unit - $185,000 174,000 During 2021, inventory quantity declined by 32,300 units. All units purchased during 2021 cost $7.00 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