would have been as follows:

We note that not all of Deere's inventories are reported using the same inventory costing method $($companies can use different inventory costing methods for different inventory pools$).$

a$.$ At what dollar amount are Deere's inventories reported on its Year $2$ balance sheet?

million

b$.$ At what dollar amount would inventories have been reported on Deere's Year $2$ balance sheet had it used FIFO inventory costing?

$ million

$($Show an increase as a positive number and a decrease as a negative number.$)$

million

$($Show an increase as a positive number and a decrease as a negative number. Round your answer to one decimal place.$)$

million

e$.$ What effect has the use of LIFO inventory costing had on Deere's pretax income and tax liability for Year $2($assume a $35\%$ income tax rate$)?$

$($Show an increase as a positive number and a decrease as a negative number. Round your answers to one decimal place.$)$

Pretax income: :

million

Tax liability: $

million