The management of Bramble Company has asked its accounting department to describe the effect upon the company's financial position and its income statements of accounting for inventories on the LIFO rather than the FIFO basis during 2020 and 2021. The accounting department is to assume that the change to LIFO would have been effective on January 1, 2020, and that the initial LIFO base would have been the inventory value on December 31, 2019. The following are the company's financial statements and other data for the years 2020 and 2021 when the FIFO method was employed. 12/31/19 12/31/20 12/31/21 Cash $ 95,400 $137,800 $163,240 Accounts receivable 84,800 106,000 127,200 Inventory 127.200 148,400 186,560 Other assets 169,600 180,200 212,000 Total assets $477,000 $572,400 $689,000 $ 42,400 $63,600 $ 84,800 Other liabilities 74,200 84,800 116,600 Common stock 212,000 212,000 212,000 Retained earnings 148,400 212,000 275,600 Total liabilities and equity $477,000 $572,400 $689,000 Income for Years Ended 12/31/20 12/31/21 $954,000 $1,431,000 535,300 801,360 Sales revenue Less: Cost of goods sold Other expenses Income before income taxes Income taxes (40%) Net income 752,600 201,400 80,560 $120,840 1,123,600 307,400 122.960 $184.440 1. Inventory on hand at December 31, 2019, consisted of 42,400 units valued at $3.00 each. 2. Sales (all units sold at the same price in a given year): 2020-159,000 units @ $6.00 each 2021-190,800 units @ $7.50 each 3. Purchases (all units purchased at the same price in given year): 2020-159,000 units @ $3.50 each 2021-190,800 units @ $4.40 each 4. Income taxes at the effective rate of 40% are paid on December 31 each year. Name the account(s) presented in the financial statements that would have different amounts for 2021 if LIFO rather than FIFO had been used, and state the new amount for each account that is named. New amount for 2021 Account CODEC