The management of Tritt Company has asked its accounting department to describe the effect upon the companys financial position and its income statements of accounting for inventories on the LIFO rather than the FIFO basis during 2014 and 2015. The accounting department is to assume that the change to LIFO would have been effective on January 1, 2014, and that the initial LIFO base would have been the inventory value on December 31, 2013. Presented below are the companys financial statements and other data for the years 2014 and 2015 when the FIFO method was employed.

		Financial Position as of
		12/31/13		12/31/14		12/31/15
Cash		$ 91,260		$131,990		$155,760
Accounts receivable		81,900		101,520		121,770
Inventory		121,770		141,780		177,450
Other assets		161,250		171,510		201,080
Total assets		$456,180		$546,800		$656,060
Accounts payable		$ 41,980		$ 61,440		$ 81,900
Other liabilities		71,920		83,200		111,190
Common stock		201,080		201,080		201,080
Retained earnings		141,200		201,080		261,890
Total liabilities and equity		$456,180		$546,800		$656,060

			Income for Years Ended
			12/31/14		12/31/15
Sales revenue			$1,065,351		$1,584,912
Less:	Cost of goods sold		504,600		758,200
	Other expenses		202,100		303,800
			706,700		1,062,000
Income before income taxes			358,651		522,912
	Income taxes (40%)		143,460		209,165
Net income			$215,191		$ 313,747

Other data:

1.		Inventory on hand at December 31, 2013, consisted of 46,900 units valued at $3.39 each.
2.		Sales (all units sold at the same price in a given year):
			2014-156,900 units				2015-186,900 units
3.		Purchases (all units purchased at the same price in given year):
			2014-156,900 units	@	$3.96 each		2015-186,900 units	@	$4.98 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 2015 if LIFO rather than FIFO had been used, and state the new amount for each account that is named.