The Yohn Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product, beginning inventory of 30,000 units consisted of the following, listed in chronological order of acquisition:

• 22,000 units at a cost of $8.00 per unit = $176,000
• 8,000 units at a cost of $9.00 per unit = $72,000

During the year, Yohns inventory quantity declined by 11,000 units (i.e., ending inventory had 10,000 less units than the prior year). All new units of inventory purchased during the year cost $12.00 per unit. Calculate the before-tax affect that LIFO liquidation had on the companys earnings and would be reported in a disclosure note, assuming the amount is determined to be material.