Chide's storage facility was shut down due to a strike in December 2020, resulting in a drastic reduction in inventory. The company had switched to LIFO effective January 1, 2020. The company sold 460,000 units in 2020. Beginning inventory (Base layer of LIFO - January 1) Inventory purchases during 2020 Total goods available for sale Ending inventory (December 31, 2020) Units 20,000 450,000 470,000 10,000 Unit Cost $ 1.00 1.25 Required: What is the LIFO liquidation after-tax profit or loss