Wolfgang Kitchens has always used the FFO Inventory costing method for both financial reporting and tax purposes. At the beginning of $2024.$ Wolfgang decided to change to the LIFO method. Net Income in $2024$ was correctly stated as $$130$ million. If the company had used LIFO in $2023,$ its cost of goods sold would have been higher by $$16$ million that year. Company accountants are able to determine that the cumulative net income for all years prior to $2023$ would have been lower by $$43$ million if LIFO had been used all along, but have Insufficlent information to determine specific effects of Using LIFO in $2022.$ Last year. Wolfigang reported the following net income amounts in its comparative income statements:

$($$in millions$)$

Net Income

$\backslash$table$[[2021,2022,2023],[$$$130,$$$132,$$$134$