Computing and Analyzing a LIFO Liquidation 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 following data are available. Chide is on a calendar-year reporting basis. Beginning inventory (Base layer of LIFO-January 1) 40,000 Units Unit Cost $1.00 900,000 $1.25 940,000 Inventory purchases during 2020 Total available for sale Sales (valued on a LIFO basis) from: Purchases 900,000 $1.25 Base inventory layer 20,000 $1.00 Total 920,000 Ending inventory (December 31, 2020) 20,000 What is the LIFO liquidation after-tax profit or loss assuming a 25% tax rate? Note: Indicate a loss with a negative sign. $ 0