The Quinn Corporation shows the following income statement. The firm uses FIFO inventory accounting. QUINN CORPORATION Income Statement for 20XX Sales $100,000 (10,000 units at $10) Cost of goods sold 50,000 (10,000 units at $5) Gross profit 50,000 Selling and administrative expense 5,000 Amortization 10,000 Operating profit 35,000 Taxes (34%) 11,900 Aftertax income $23,100 e. Now assume in 20XZ the volume remains constant at 10,000 units, but that the sales price decreases by 15 percent from its 20XY level. Also, because of FIFO Inventory policy, cost of goods sold reflects the inflationary conditions of the prior year and is $5.50 per unit. Further assume that selling and administrative expense will be 5 percent of sales and amortization will be unchanged. The tax rate is 34 percent. Compute aftertax income. (Do not round intermediate calculations. Round final answer to nearest whole doller.) Aftertax income