The Foxworthy Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inventory of 74,000 units consisted of the following, listed in chronological order of acquisition:

41,000 units at a cost of $5.00 per unit =	$ 205,000
33,000 units at a cost of $6.00 per unit =	198,000

During 2024, inventory quantity declined by 36,700 units. All units purchased during 2024 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.