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		$ 91,490		$131,110		$155,320
Accounts receivable		81,540		101,260		121,910
Inventory		121,910		141,520		177,840
Other assets		161,580		171,720		201,810
Total assets		$456,520		$545,610		$656,880
Accounts payable		$ 41,510		$ 61,380		$ 81,540
Other liabilities		71,750		80,610		112,350
Common stock		201,810		201,810		201,810
Retained earnings		141,450		201,810		261,180
Total liabilities and equity		$456,520		$545,610		$656,880

			Income for Years Ended
			12/31/14		12/31/15
Sales revenue			$1,085,725		$1,613,560
Less:	Cost of goods sold		506,900		766,700
	Other expenses		205,500		305,000
			712,400		1,071,700
Income before income taxes			373,325		541,860
	Income taxes (40%)		149,330		216,744
Net income			$223,995		$ 325,116

Other data:

1.		Inventory on hand at December 31, 2013, consisted of 48,500 units valued at $3.42 each.
2.		Sales (all units sold at the same price in a given year):
			2014-158,500 units				2015-188,500 units
3.		Purchases (all units purchased at the same price in given year):
			2014-158,500 units	@	$3.99 each		2015-188,500 units	@	$5.02 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