Vaughn Industries had the following inventory transactions occur during 2018:

Financial information for Messersmith Company is presented below.

MESSERSMITH COMPANY Balance Sheets December 31
Assets		2017			2016
Cash		$ 106,400			$ 98,800
Short-term investments		79,040			60,800
Accounts receivable (net)		148,960			121,600
Inventory		190,000			205,200
Prepaid expenses		44,080			34,960
Land		197,600			197,600
Building and equipment (net)		273,600			266,000
		$1,039,680			$984,960
Liabilities and Stockholders Equity
Notes payable		$152,000			$152,000
Accounts payable		72,960			63,840
Accrued liabilities		76,000			60,800
Bonds payable, due 2020		228,000			228,000
Common stock, $10 par		304,000			304,000
Retained earnings		206,720			176,320
		$1,039,680			$984,960

MESSERSMITH COMPANY Income Statement For the Years Ended December 31
		2017				2016
Net sales			$1,292,000				$1,200,800
Cost of goods sold			942,400				874,000
Gross profit			349,600				326,800
Operating expenses			284,240				262,960
Net income			$ 65,360				$ 63,840

Additional information:

1.		Inventory at the beginning of 2016 was $179,360.
2.		Total assets at the beginning of 2016 were $957,600.
3.		No common stock transactions occurred during 2016 or 2017.
4.		All sales were on account. Accounts receivable, net at the beginning of 2016 were $133,760.
5.		Notes payable are classified as current liabilities.

The company sold 144 units at $70 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the companys after-tax income using FIFO? (rounded to whole dollars)