The Gagnon Merchandising Corporation's September income statements using the FIFO and LIFO perpetual cost flow assumptions would appear as follows. How much more cash would the Gagnon Merchandising Corporation have available on September 30 if it uses LIFO perpetual instead of FIFO?

Gagnon Merchandising Corporation

Income Statements

For the Month Ended September 30

	FIFO	LIFO Perpetual
Sales	$10,000	$10,000
Cost of Goods Sold	$6,200	$6,800
Gross Profit	$3,800	$3,200
Operating Expenses	$2,800	$2,800
Income Before Taxes	$1,000	$400
Income Taxes Expense	$350	$140
Net Income	$650	$260

	a.	- $390
	b.	$390
	c.	$210
	d.	$600
	e.	$0