The Hastings Company began operations on January 1, 2021, and uses the FIFO method in costing its raw material inventory. Management is contemplating a change to the LIFO method and is interested in determining what effect such a change will have on net income. Accordingly, the following information has been developed:

Final Inventory	2021	2022
FIFO	$240,000	$270,000
LIFO	200,000	210,000
Net Income per FIFO	$120,000	$170,000

Based upon the above information, a change to the LIFO method in 2022 results in net income for 2022 of