Use the following information to answer Questions 29 and 30.

Excerpts from the annual report of XYZ Corporation follow:

	2020	2019
Cost of goods sold	$754,661	$675,138
Inventory	$219,686	$241,154
Net income	$31,185	$64,150
Retained earnings	$68,685	$93,650
LIFO reserve	$26,900	$25,100
Tax rate	20%	20%

If XYZ used FIFO, its retained earnings as of the end of fiscal 2020 would be _____.

If XYZ used FIFO, its net income for fiscal 2020 would be _____.